Analysis of METIS/USDT

Currently, the price of METIS/USDT is at 43.13, down 2.73% in the last 24 hours, indicating that selling pressure is dominant.

Technical Analysis:

1. Price Volatility:

24h High: 45.08

24h Low: 42.71

Price volatility is near the important support level at 42.71, reflecting a potential for recovery.

2. Technical Indicators:

MA(7): 43.20 - The price is below the short-term MA line, indicating a bearish signal.

MA(25): 44.04 - Important resistance that needs to be broken.

MA(99): 43.78 - The long-term MA line shows a stable price level in the trend.

3. Trading Volume:

24h Volume: 77,785.46 METIS, indicating a decreasing level of interest.

4. Support and Resistance:

Support: 42.71 and 42.00

Resistance: 44.04 and 45.08

Trading Strategy:

1. Entry Points:

Consider buying around the support zone of 42.71 if the price does not drop further and shows signs of recovery.

If breaking 43.78, additional buying positions may be considered.

2. Take Profit:

Short-term: 44.00

Medium-term: 45.08

3. Stop Loss:

Set a stop loss at 42.00 if the price cannot hold the support zone.

4. Notes:

Monitor trading volume and the RSI indicator to confirm buy signals.

The market is declining, proceed with caution when opening positions.

Hashtags:

#METISUSDT #CryptoTrading #MarketAnalysis