$METIS is stabilizing after the strong impulse move from the 5.22 reaction low and I’m watching this closely because buyers stepped in aggressively and flipped structure in a short time. The 1h candles are now consolidating above the breakout zone and price is holding higher levels after the push. This looks like healthy digestion rather than weakness. If this structure holds the next continuation becomes possible with controlled follow through.
Here my full setup from this chart.
Entry Point
6.35 – 6.00
Target Point
TP1: 6.70
TP2: 7.00
TP3: 7.40
Stop Loss
5.70
It’s possible because dips toward the 6.00 zone are getting absorbed quickly and sellers are failing to push price back below the prior base. If METIS stays above the support zone the move toward 6.70 becomes the natural first step before momentum attempts higher continuation again.
#USGDPUpdate #WriteToEarnUpgrade #BinanceAlphaAlert
METIS
--
--