METUSDT is showing mixed signals as it navigates a sideways range. Open interest is slightly declining, suggesting positions are closing rather than opening, while funding rates remain neutral. More traders are currently positioned for upside (longs) than downside (shorts). A reentry setup is forming near a support area.
$MET
TRADE PLAN:
Entry: 0.2162
SL: 0.22357143
TP1: 0.207556
TP2: 0.203134
RISK
• The main risk stems from the long-heavy positioning; a price drop could lead to cascading liquidations, intensifying downward pressure.
QUESTION
How do you see this support area holding against the current positioning bias?
#RADAR #Crypto #METUSDT
$MET
TRADE PLAN:
Entry: 0.2162
SL: 0.22357143
TP1: 0.207556
TP2: 0.203134
RISK
• The main risk stems from the long-heavy positioning; a price drop could lead to cascading liquidations, intensifying downward pressure.
QUESTION
How do you see this support area holding against the current positioning bias?
#RADAR #Crypto #METUSDT
