Bears are driving an aggressive breakdown on $MET as selling volume surges after a sharp rejection off local highs!
$MET - SHORT · Conf 83%
Trade Plan:
Entry: $0.0422 – $0.0435
SL: $0.0460
TP1: $0.0405
TP2: $0.0385
TP3: $0.0360
Why this setup?
Price suffered a strong lower-timeframe rejection from $0.04583, printing an aggressive red expansion candle that broke below dynamic support levels on the 15m and 1h charts. On the 1h timeframe, price has dropped beneath the MA(7) ($0.04326) and MA(25) ($0.04431) with Parabolic SAR trailing above at $0.04583, signaling an active bearish trend flip. With selling volume picking up after sweeping local low liquidity down to $0.04056, any short-term relief bounce into the $0.0425–$0.0435 resistance pocket presents a favorable mean-reversion short setup targeting the 4h MA(25) demand zone. I'm watching retest confirmations rather than shorting the exact low.
Debate:
Are you riding this downside momentum short, or waiting for price to retest $0.0400 support first?
Trade $MET here.
Hazel Trades 🌸