$MTL Trading Signal - Consolidation Before Potential Breakout

The $MTL pair is showing signs of recovery, currently trading at $1.211 (+1.68%). With the price stabilizing above $1.200, the setup indicates a potential bullish breakout.

Suggested Entry Zone:

Enter within the range of $1.200 - $1.220, as the price consolidates in a key support area.

Target Levels:

Target 1: $1.250

Target 2: $1.300

Stop Loss:

Place a stop loss below $1.180, accounting for short-term volatility.

Market Observation:

The 1-hour chart shows a steady increase in bullish pressure, with recent higher lows pointing toward a possible breakout above $1.250. Volume remains consistent, suggesting buyers are accumulating at current levels. Monitor the $1.250 resistance for a potential upward surge toward $1.300.

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