🚀 $MTL /USDT: Bullish Surge — Is This the Start of a Rally?

Technical Analysis

Current Price: $1.403 (+16.33%)

Support Levels:

$1.162 (24h low)

$1.120 (strong support zone)

Resistance Levels:

$1.504 (24h high)

$1.60 (psychological resistance level)

Momentum Overview:

15m Chart: Sharp surge (+17.191%) reflecting strong short-term buying interest.

1h Chart: Slight pullback (-3.472%) after hitting the high.

4h Chart: High volatility, showing rapid price movement in both directions.

1D Chart: Bullish trend confirmed by significant 16.33% gain in the last 24 hours.

Trade Signal 🎯

📥 Entry Zone:

Ideal Buy Zone: $1.35 - $1.40 (current price range with slight pullback potential).

🎯 Targets:

1. Target 1: $1.50 (near 24h high resistance)

2. Target 2: $1.55 (psychological resistance)

3. Target 3: $1.60 (major breakout level)

📉 Stop Loss:

Set at $1.15 (below key support level to limit risk).

Trade Momentum:

Short-Term (15m to 1h): Bullish, driven by strong price surge.

Mid-Term (4h): Consolidation phase expected after hitting resistance, ideal for traders seeking higher targets.

Long-Term: If $1.60 is breached with strong volume, a continuation towards $1.80+ could be on the horizon.

🔥 Pro Tip:

Scalpers: Enter around $1.35-$1.40, targeting quick gains to $1.50.

Swing Traders: Hold positions longer toward Target 2 and Target 3 with risk management at $1.15.

The volatility in the market suggests potential for more substantial moves. Keep an eye on volume and price action around key levels!

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