MTLUSDT | AN OPPORTUNITY MIGHT OCCUR BUT BE CAREFUL!
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MTLUSDT looks strong, although there is a possibility of clearing the monthly liquidity line below.
In the S/R Flip area shown in the chart,
You can enter when the resistance in the support area, which is currently working as resistance, is broken with volume and turns into support.
Low Timeframe Entries: Looking for confirmation on smaller timeframes after liquidity clearance. S/R Flip Confirmation: Waiting for the current resistance to break with volume and turn into support before entering.
A couple of things to watch for:
If liquidity is taken out below and price reclaims a key level, it could indicate strong bullish momentum. Volume confirmation is key, fakeouts are common if the breakout lacks strong participation. Monitoring order flow and wicks can help identify potential reversals.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.