$MET this move is making me a bit restless. +25.79% in 24h, from 0.3019 straight up to 0.4508, and now pulled back to 0.4224, with trading volume at 109.3M — this kind of volume would be enough to let it grind for a month under normal circumstances.
The key is the price-volume coordination. It pumped on increasing volume, and when it retraced, the volume didn’t come crashing in with it, which means the selling pressure was absorbed. I’ve watched small-cap coins like this for a long time, and the thing I fear most is a pump followed by a slow bleed back down, but $MET ’s structure is different. The retracement is shallow, and the 0.42 area keeps getting bought up repeatedly.
Let me say something that might get me flamed: a move like this is either someone accumulating, or someone accumulating. Either way, it’s not something retail traders can pull off.
If $MET can hold above 0.4 from here, a test of the 0.48-0.5 area is not out of the question. Of course, I could be getting too bullish too early — after all, this space is full of all kinds of weird stuff 😅 Still, at this point in time, the signal is there, so it’d be a lie to say I’m not tempted.
The key is the price-volume coordination. It pumped on increasing volume, and when it retraced, the volume didn’t come crashing in with it, which means the selling pressure was absorbed. I’ve watched small-cap coins like this for a long time, and the thing I fear most is a pump followed by a slow bleed back down, but $MET ’s structure is different. The retracement is shallow, and the 0.42 area keeps getting bought up repeatedly.
Let me say something that might get me flamed: a move like this is either someone accumulating, or someone accumulating. Either way, it’s not something retail traders can pull off.
If $MET can hold above 0.4 from here, a test of the 0.48-0.5 area is not out of the question. Of course, I could be getting too bullish too early — after all, this space is full of all kinds of weird stuff 😅 Still, at this point in time, the signal is there, so it’d be a lie to say I’m not tempted.