$METIS METIS/USDT Market Analysis
💰 Current Price: $38.17 (-6.29%)
📊 24H Range: $37.73 - $41.22
📈 24H Volume: 95,981.86 METIS
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Technical Overview
EMA Trends:
EMA(7): $38.68 (Immediate Resistance)
EMA(25): $39.67
EMA(99): $43.09
The price has been consistently trading below its key exponential moving averages, reflecting a bearish trend. Immediate support is near $37.73, while $38.68 (EMA 7) acts as resistance.
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Trading Opportunities
Scenario 1: Bearish Continuation
Entry: Below $37.70
Targets:
Target 1: $36.50
Target 2: $35.00
Stop Loss: $38.80
Scenario 2: Recovery Rebound
Entry: Above $38.80
Targets:
Target 1: $39.70
Target 2: $41.00
Stop Loss: $37.60
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Observation
METIS is under selling pressure, and a breakdown below $37.70 could lead to further downside. A reversal above $38.80 may signal a short-term recovery. Traders should closely monitor volume trends and key levels.
⚠️ Reminder: Utilize proper risk management strategies and keep a watchful eye on market volatility.
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