MTL: This daily candle looks a bit typical—volume surges first, but the price doesn’t close right up against the high.
On the same Binance Spot page, MTL/USDT is up +20.43% over the past 24 hours, hitting a high of 0.433 USDT, with about $5.83M in 24-hour trading volume. The increased volume on the daily chart is very obvious, but profit-taking has already started in the high range.
I’ll keep watching to see whether it can convert the amplified trading volume into a stable price movement, rather than leaving only a long spike wick.
This is spot-volatility observation, not a trading instruction. Watch out for buying the top followed by a pullback, weakening volume, and any message-driven sentiment reversal.
After a surge to new highs on increased volume like this, do you think the main thing to monitor is the trading volume or the price level?
$MTL #BinanceSpot
On the same Binance Spot page, MTL/USDT is up +20.43% over the past 24 hours, hitting a high of 0.433 USDT, with about $5.83M in 24-hour trading volume. The increased volume on the daily chart is very obvious, but profit-taking has already started in the high range.
I’ll keep watching to see whether it can convert the amplified trading volume into a stable price movement, rather than leaving only a long spike wick.
This is spot-volatility observation, not a trading instruction. Watch out for buying the top followed by a pullback, weakening volume, and any message-driven sentiment reversal.
After a surge to new highs on increased volume like this, do you think the main thing to monitor is the trading volume or the price level?
$MTL #BinanceSpot
