Market Update: Metal (MTL/BTC) - Finding a support base

METAL (MTL/BTC)


Analysis

  • MTL is in a healthy retracement channel
  • Price seems to be finding support at the 61.8% fib level
  • RSI is uptrending on the H4
  • Enter long when price breaks above channel

Targets

1. 251,000 (+20% profit)

2. 267,500 (+25% profit)

3. 295,000 (+40% profit)




Happy Trading! @NakedTrader

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