$MTL This one is being pulled pretty aggressively. It has traded 240,400 million in volume over 24 hours—$204 million—yet the traded value is only $67.2 million U. The volume-price coordination is a bit disconnected: after ramping up from the low at $0.2698, the price was pushed up to $0.4091 following bargain-hunting accumulation. This suggests clear signs of the main forces accumulating. Momentum in the near term is still there.
But the fee rate at -0.1872% is interesting: with such a big rise, shorts are still paying. An annualized cost of -87% can’t hold for long—if it can’t, a反扑 (counterattack) could happen at any time. The pressure level at $0.432 has already been tested once but failed to hold; holding above it would be a new round of breakout signal.
For the bulls: set your stop loss at $0.340, first watch for $0.480, then try for $0.550. For the bearish view: if it can’t stay above $0.432, then just wait for a pullback. Risking a loss of 0.07 to gain 0.14—whether it’s worth it or not is up to you.
Comment section: do you think you can hold $0.432?
#MTL
But the fee rate at -0.1872% is interesting: with such a big rise, shorts are still paying. An annualized cost of -87% can’t hold for long—if it can’t, a反扑 (counterattack) could happen at any time. The pressure level at $0.432 has already been tested once but failed to hold; holding above it would be a new round of breakout signal.
For the bulls: set your stop loss at $0.340, first watch for $0.480, then try for $0.550. For the bearish view: if it can’t stay above $0.432, then just wait for a pullback. Risking a loss of 0.07 to gain 0.14—whether it’s worth it or not is up to you.
Comment section: do you think you can hold $0.432?
#MTL