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Metal / TetherUS

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MTLUSDT trade ideas

MTLUSDT 4HMTL is an Ethereum token that powers Metal's products and ecosystem. Metal is a payment processing application that offers its users the ability to convert their fiat currencies into cryptocurrencies and vice versa. At the moment, it is transiting the median of the Keltner Channel, inside a triangular formation that will probably break upwards since the MTl is 85.72% below the historical maximum. the asset circling above the Ichimoku cloud demonstrates a clear command of the complyers being confirmed by the RSI which is clearly exhausted from selling forces. The price of Metal has increased 27.64% in the last 7 days, it has retreated, but I believe it will break the upwards trianule. Here are the supports and resistances in the 4H: Main support levels : 0.998 / 0.912 / 0.843 Main Resistance Levels: 1,158 / 1,297 / 1,578 MM200: 0.910
by ferulianov
1
MTL - Potential SHORT - 1hr/4hrly/daily - Bybit: MTLUSDTPERP Trading view post: Trade Status: ACTIVE Trader: Drizzzled (AUS) Trade Type: SHORT (RE-ENTRY/DCA/LADDER previous entry post Entry 1: 0.741 (or any of entry 1 box options) -if missed focus on next entries. Don’t stress. Entry 2: 0.792 “” Entry 3: 0.913 “” Entry 4: 0.981 “” Entry 5: 1.137 “” Entry 6: Entry 7: Stop Loss/ladder entries: Entry 1: 0.770 (enter just above this gann line) -slightly below your re-entries -5-10% move from your chosen entry 1 -slightly above/below entry/key resistance -1:1 or to own personal risk factor Entry 2: “” Entry 3: “” Take Profit Targets: - 0.680 - 0.654 - - - Comments: -move stop loss to break even once target 1 is hit. DCA entries above/below if stop loss is hit. -emas will rise/drop with time so shift tp accordingly. If we re-enter higher/lower our same emas become our take profits. Also i have put boxes around key supports which I may choose to take earlier or later profits at too. -by all means you can long from the daily open to these higher target ‘short’ entries. -you don’t have to enter at ‘entry 1’ if you would rather enter higher. -level 1,2 or 3 ,pumps/moves, can go higher and create new levels, hence the re-entries. It’s a shorter time frame strategy.
Short
by Drizzzled
MTLUSDT is creating a falling wedge!The price is creating a huge falling wedge below the weekly level at 1.06$ area The price needs to grab new liquidity and create a clear breakout and retest the current resistance as new support How to approach it? IF the price is going to have a clear breakout from the resistance and retest the daily resistance as new support, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
22
MTLUSDT is creating a falling wedgeThe price is creating a big falling wedge on the daily timeframe below the weekly resistance at 1.22 where the price got several rejections. How to approach it? The price needs to create a clear breakout with volume, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
by InkyGrip