$MET has fallen below the 0.47 level. There are two possible scenarios next:
① It rebounds but fails to reclaim 0.47 → the level turns into resistance, with the 24h low of 0.3128 as the next level to watch below
② It quickly gets back above 0.47 → this move looks more like a false breakdown, and short positions could get squeezed
I’m paying particular attention to how price is received on the first rebound.
#MET
Markets change rapidly. Please make your own independent judgment.
① It rebounds but fails to reclaim 0.47 → the level turns into resistance, with the 24h low of 0.3128 as the next level to watch below
② It quickly gets back above 0.47 → this move looks more like a false breakdown, and short positions could get squeezed
I’m paying particular attention to how price is received on the first rebound.
#MET
Markets change rapidly. Please make your own independent judgment.