$METIS

/USDT Technical Analysis and Trade Signal 🚀🎯

Technical Analysis

1. Trend and Momentum:

The price is in a strong bullish momentum, having broken above the Bollinger Bands' upper limit ($56.08) and trading well above the SAR ($48.45).

The short-term trend (15m-1h-4h) supports upward movement with high volume ($12.93M in 24h).

2. Support and Resistance Levels:

Support 1: $48.26 (Bollinger Middle Band and key psychological level).

Support 2: $47.81 (24h Low).

Resistance 1: $57.75 (24h High).

3. Indicators Summary:

Bollinger Bands: Overbought, suggesting caution for a potential pullback.

SAR: Bullish, as price is significantly above the SAR

Trade Signal

Entry Point: $56.50 - $57.00 (on confirmation of sustained momentum above $56.08).

Momentum: Bullish (supported by volume and indicators).

Target Levels 🎯

1. Target 1: $58.50 (initial resistance based on bullish extension).

2. Target 2: $60.00 (round psychological resistance level).

3. Target 3: $63.00 (historical resistance and potential continuation if momentum sustains).

Stop Loss:

$54.00 (below recent breakout level to limit risk).

Trade Management:

Monitor closely for any bearish divergence in MACD or pullback signals on Bollinger Bands.

Scale out profits at each target level to secure gains.

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