Analyzing the $MTL /USDT 1-hour chart from Binance, we observe a strong bullish momentum as the price has surged by 22.74% in the last 24 hours. The current price is $1.414, just below the 24-hour high of $1.42, indicating a potential resistance level. A pullback to test support levels is likely.

Long Position:

Entry: $1.35 - $1.37 (wait for a retracement towards support levels).

Target: $1.42 (short-term), $1.50 (extended).

Stop Loss: $1.32 (below recent support).

Short Position:

Entry: $1.42 (if it fails to break resistance convincingly).

Target: $1.35 (short-term), $1.30 (extended).

Stop Loss: $1.45 (above resistance).

Recommendation: For long-term traders, consider holding long positions as the trend aligns with the 90-day gain of 55.38%. However, intraday traders should watch for a decisive move above or rejection at $1.42 to decide. Always monitor volume and market sentiment before committing to trades.

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