$MTL
Short Liquidation: $1.0084K at $1.2764
A $1.0084K short position on Metal (MTL) was liquidated at $1.2764, signaling a bullish move that caught bears off guard.
Market Analysis:
Upward Momentum: Buyers pushed the price higher, forcing shorts to cover their positions at a loss.
Resistance Test: This liquidation suggests strong buying interest, with potential for further gains if momentum continues.
Key Levels to Watch:
Immediate Resistance: $1.30 could be the next challenge for bulls.
Support Zone: $1.25 may act as a fallback point for buyers if the price retraces.
This event highlights growing confidence among bulls as MTL continues its upward journey. Stay alert for potential follow-through in the near term.
#MTL_Market_Update #MarketRebound #BinanceAlphaAlert #CorePCESignalsShift