$MTL is showing clear strength with the price trading around 0.414 USDT, up roughly +4.8% in the last 24 hours. After a healthy consolidation near the 0.40–0.405 zone, price has pushed back to the daily high, signaling renewed demand. On the 1H timeframe, bullish candles are forming with higher lows, suggesting momentum is building rather than fading.
The structure shows buyers defending pullbacks and pressing against short-term resistance. If volume continues to support this move, MTL can transition from a local push into a sustained breakout.
Trade Setup
• Entry Zone: 0.408 – 0.412
• Target 1: 0.425
• Target 2: 0.445
• Target 3: 0.470
• Stop Loss: 0.392
A clean break and hold above 0.415–0.420 with strong volume would confirm the breakout and increase the probability of a continuation toward higher targets. Failure to hold the entry zone would invalidate the setup and call for patience.
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MTL
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