⚠️ TRADING RADAR: SUPPLIERS TAPPING THE BRAKES ON $MTL
The hourly structure on Metal DAO points to exhaustion near the upper boundary. Price action is getting heavy right around the 0.233 resistance ceiling, signaling that a local correction could be imminent.
📉 Short Execution Map: MTL/USDT
• Entry Window: 0.2315 – 0.2330
• Invalidation (SL): 0.2385
• Objective Alpha 1: 0.2300
• Objective Alpha 2: 0.2265
• Objective Alpha 3: 0.2220
🔍 Technical Rationale:
Sellers are actively defending the MA(99) resistance line [0.2314] while the MA(7) and MA(25) lines show signs of a bearish crossover twist. Volume profile indicates a distinct lack of follow-through from the bull side, paving the way for a swift slide back down.
💬 How are you playing this chart? Shorting the ceiling or waiting for confirmation? Let's hear your view below! 👇#SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #TrumpSaysUSReachedVenezuelaOilDeal #USShortTermTreasuryYieldsJump #NYSilverFuturesDrop3% $MTL
The hourly structure on Metal DAO points to exhaustion near the upper boundary. Price action is getting heavy right around the 0.233 resistance ceiling, signaling that a local correction could be imminent.
📉 Short Execution Map: MTL/USDT
• Entry Window: 0.2315 – 0.2330
• Invalidation (SL): 0.2385
• Objective Alpha 1: 0.2300
• Objective Alpha 2: 0.2265
• Objective Alpha 3: 0.2220
🔍 Technical Rationale:
Sellers are actively defending the MA(99) resistance line [0.2314] while the MA(7) and MA(25) lines show signs of a bearish crossover twist. Volume profile indicates a distinct lack of follow-through from the bull side, paving the way for a swift slide back down.
💬 How are you playing this chart? Shorting the ceiling or waiting for confirmation? Let's hear your view below! 👇#SOLJumps20%OnTheWeek #WarshSaysInflationIsFedTopFocus #TrumpSaysUSReachedVenezuelaOilDeal #USShortTermTreasuryYieldsJump #NYSilverFuturesDrop3% $MTL