$METAB is trading around 0.4226, down 11.65%. The sharp decline signals strong selling pressure, so I’m treating the 0.4200 area as a key level to monitor rather than assuming an immediate recovery.
If buyers defend this zone and reclaim 0.4300, a corrective bounce could develop. But if price breaks below 0.4200, further weakness remains possible. I’d want to see a clear recovery before considering a bullish entry.
Trade Setup:
Entry Zone: 0.4230–0.4280
Take Profit 1: 0.4350
Take Profit 2: 0.4450
Stop Loss: 0.4170
After a sharp drop, patience is essential. Avoid chasing volatility and wait for price confirmation.
If buyers defend this zone and reclaim 0.4300, a corrective bounce could develop. But if price breaks below 0.4200, further weakness remains possible. I’d want to see a clear recovery before considering a bullish entry.
Trade Setup:
Entry Zone: 0.4230–0.4280
Take Profit 1: 0.4350
Take Profit 2: 0.4450
Stop Loss: 0.4170
After a sharp drop, patience is essential. Avoid chasing volatility and wait for price confirmation.