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METISUSDT trade ideas

METIS Analysis: Support Tests Amid Market Shakeout & BTC Bull As Bitcoin displays bullish momentum, attention shifts towards potential profit migration into lower cap coins like METIS. This brief analysis explores METIS's current testing of crucial rib level support amidst a market shakeout. We investigate whether this phase is a precursor to broader interest as investors seek to capitalize on volatility. With BTC's rise, the allure of diversifying into altcoins with promising technical setups becomes increasingly compelling. This report offers a succinct overview of METIS's position, evaluating if the ongoing support test signifies a ripe opportunity for those looking to pivot profits from BTC's rally into emerging assets. Ideal for investors eyeing strategic entries in the evolving crypto landscape
Long
by avishaarlind
METIS/USDT | 1W 👀The upward movement has locally slowed down, especially around the resistance line. Overbought conditions still persist, indicating potential for a reversal. To witness a more significant continuation of the uptrend, we'll first need to break above $129 and sustain above the resistance level. - Not financial advice, trade with caution. ✅ Stay updated on market news and developments that may influence the price of Metis. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Crypto #Metis #Investment #METIS
by Nyskohuz
1
Metisusdt trading ideaWe identified a potential Head and Shoulders (H&S) bearish reversal pattern forming, which signifies a potential trend reversal from bullish to bearish. Should the price decisively breach the pattern's neckline downward, it would confirm the pattern's activation, with the objective target delineated on the provided chart. t is noteworthy that the formation's right shoulder may extend; thus, if the price sustains within the designated distribution zone, the pattern's predictive validity remains intact. However, a price closure above the $117 threshold would negate the bearish thesis, rendering the sell-off strategy invalid. Exercising diligence and closely monitor the two pivotal levels: the neckline and the upper boundary of the sell-off zone. Contributions and insights on this analysis are welcomed and valued.
by weslad
2
$METIS - Another chance to load up...SEED_DONKEYDAN_MARKET_CAP:METIS showing some weakness here, part of market wide pressure - Obviously fundamentals remain strong but there is a large gap from $46 to $66 that looks like it could get filled. Price currently hovering around the EMA 50 on the daily, trying to find support, however price action appear weakening. We may see a bounce again but I think we head lower. Over the gap on the $46 to $66 there are two supports, on at $65 and one at $50. Both would be opportunities to buy back in. However if we wick down to one or the other I suspect there will be some infill subsequently allowing a repeat entry. This is an opportunity to assess SEED_DONKEYDAN_MARKET_CAP:METIS eco project, identify your potential entries and wait.
by Flyte-X
$METIS update. This thing is going to blow up!KUCOIN:METISUSDT - has been on an excellent run, getting in at $20 was a good investment - however, worth keeping in mind that there are going to be pullbacks, and if you're actively trading this (*I am 50%) then we are coming up to a useful moment. What larger players are looking for are liquidity levels into which they can either buy or sell. The last MAJOR liquidity gap - was at around $97 - hence notable that as we were driving hard over the christmas period, price pipped that level and then immediately sold down to the nearest support - i.e around $75, consolidated, accumulated then pushed up again. We're approaching another TWO levels, and have almost pipped one of them (*see blue box) but given the traction $METIS is getting I see up pushing through these over the next few days. A decent pullback to major resistance at $105 would then be on the cards. Before a further push up. Of course there are many independent variable here, narratives are key (Metis EDF launch, sequencer mining launch, who gets what support from the DAO etc, but broader the $BTC/$ALTcoin differential and "pre-halving pullback" bears...) but thats how I'm playing it. However be aware, that as TVL has rapidly ticked up so has the possibility of MAJOR players moving in to screw with the system. Could see a MASSIVE push up, taking out everyones stops and then a pullback. If you don't want to miss out I would suggest holding a spot bag in a cold wallet. In meantime, there is $METIS beta to be had, ecosystem tokens are flying - but with excellent volatility. Meme tokens are fine but personally I like anything with reflections in Ecosystem tokens - MCC (MetisChainCapital / metischain.capital) is a good one, or obviously $HERMES which is the next major narrative with the V2 launch... Good hunting
Long
by Flyte-X
$METIS getting ready to push upGATEIO:METISUSDT - Okay so as suspected we "just" pipped the first of the two liquidity levels before falling back (*blue box). I have to say was caught a little off guard here, expected it to run a little higher and so was washed out of some trades. There were three levels of support that I was watching, the first was at the confluence of the 8H EMA20 - around $110, lost that quickly, next up was the 8H EMA50 which was coincident with the prior resistance around $95, lost again. Finally we have found support, at the 8h 100 EMA - the strongest so far and seeing a bounce here (*lower green box) Depending on some larger market factors if we see a push now I would expect either a rapid run to the higher of those two liquidity levels (*blue box) a consolidation and push to next major resistance in the $150 region (*blue line) else a sluggish recovery tapping every S/R on route. Fundamentally though (*and I hate the word "fundamentals" in crypto) we are still golden here. > Sequence testing going well > $500M + EDF live and participants soon to be announced ($HERMES on Maia is a good play) > Remains particularly undervalued compared to peer competitor chains Strongly recommend buying and holding, if you're underwater - patience will turn your play around. If you're leveraged - probably worth converting to SPOT $METIS eco plays are cheap now and expect their upside on recovery to be proportionally larger as well. I remain in EURONEXT:MCC (MetisChainCapital) I am flipping some $METIS for $HERMES at each support level - there is going to be a moment in the not too distant future where that V2 narrative becomes the driver - and want to be in for the run up. Good Hunting
Long
by Flyte-X