$MET — The correction is extending
MET Futures is at 0.4430 USDT, up 42.215% in 24 hours. Although the previous 4H candle closed higher, the most recent 1H candle fell from 0.4751 to 0.4613; the price has now broken below this candle’s low of 0.4491, but the new candle has not closed yet.
🔴 Favor the downside if the 1H candle closes below 0.4491. The next levels to watch are 0.4333 and 0.4245, based on the lows of closed 4H candles. This outlook is invalidated if the 1H candle closes above 0.4779. A large daily gain does not replace confirmation from the short-term structure.
Personal observation, not a recommendation. Risk 1%; always use a stop.
#MET #Crypto #Futures
MET Futures is at 0.4430 USDT, up 42.215% in 24 hours. Although the previous 4H candle closed higher, the most recent 1H candle fell from 0.4751 to 0.4613; the price has now broken below this candle’s low of 0.4491, but the new candle has not closed yet.
🔴 Favor the downside if the 1H candle closes below 0.4491. The next levels to watch are 0.4333 and 0.4245, based on the lows of closed 4H candles. This outlook is invalidated if the 1H candle closes above 0.4779. A large daily gain does not replace confirmation from the short-term structure.
Personal observation, not a recommendation. Risk 1%; always use a stop.
#MET #Crypto #Futures