$MTL just delivered a sharp +4.3% move within minutes, backed by strong volume and aggressive buying pressure. But after explosive pumps like this, the market often searches for liquidity before deciding the next real direction.
The smart approach here is patience not chasing green candles.
Key levels to watch: • 0.334 remains the first important support • The 0.316–0.334 zone is the ideal retracement area for possible continuation • Bullish confirmations such as a pin bar, bullish engulfing candle, or lower timeframe structure shift could signal a high-probability long setup
Potential long scenario: • Entry above 0.334 after confirmation • Targets: 0.349 and 0.373 • Stop-loss below 0.316 or safer below 0.301 for deeper retrace setups
Bearish invalidation: If price loses 0.316 and closes below 0.301, bullish momentum weakens significantly. In that case, traders should wait for fresh price action around 0.288 before considering new long opportunities.
Important: If price rallies directly into 0.373+ without retracement, the probability of a bull trap increases sharply. Avoid FOMO entries and wait for confirmation instead of chasing momentum blindly.
Current strategy: Wait for retracement → watch support reaction → enter only after confirmation. Discipline beats emotion in volatile markets.
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