$MET is up an insane +61% after a vertical pump to 0.5202! Is this a bull trap or just getting started? ๐๐ฏ๏ธ
Entry: ๐ฏ 0.4700 - 0.4900
SL: ๐ 0.4200
TP: ๐ฐ TP1: 0.5202 | TP2: 0.5500 | TP3: 0.6000
Met exploded out of nowhere, printing a massive vertical pump from 0.2823 straight to a local high of 0.5202 ๐. It's currently consolidating around 0.5074, still holding a massive +61% gain for the day. The price is currently miles above all moving averages (MA7 is at 0.4046, while the price is 0.5074!). This chart is severely overextended. Chasing a green candle this massive on a DeFi token is how you become exit liquidity. I'm waiting for a proper pullback and consolidation before considering an entry. If it loses 0.42, the momentum is dead and a full retrace is likely.
Am I wrong? Tell me below ๐
$GLMR
$PROM
Entry: ๐ฏ 0.4700 - 0.4900
SL: ๐ 0.4200
TP: ๐ฐ TP1: 0.5202 | TP2: 0.5500 | TP3: 0.6000
Met exploded out of nowhere, printing a massive vertical pump from 0.2823 straight to a local high of 0.5202 ๐. It's currently consolidating around 0.5074, still holding a massive +61% gain for the day. The price is currently miles above all moving averages (MA7 is at 0.4046, while the price is 0.5074!). This chart is severely overextended. Chasing a green candle this massive on a DeFi token is how you become exit liquidity. I'm waiting for a proper pullback and consolidation before considering an entry. If it loses 0.42, the momentum is dead and a full retrace is likely.
Am I wrong? Tell me below ๐
$GLMR
$PROM