$MET Analysis: Bullish Continuation in the Making? 🚀
Market Outlook:
After an explosive vertical run, $MET has entered a healthy consolidation phase. The price has successfully absorbed the selling pressure and is now forming a technical structure that points toward a second leg up. The "Smart Money" seems to be accumulating again at these levels.
Technical Breakdown:
Trendline Breakout: We’ve seen a clear breakout from the descending wedge/resistance line (orange). This indicates that the bearish momentum has been neutralized.
Support Confirmation: Price is currently holding the 0.188 zone (yellow box) as new support. As long as we stay above the 0.180 floor, the bullish thesis remains intact.
The Target: The path is being cleared for a move back to the recent swing high. The ultimate objective for this move is the major resistance at 0.2430.
Trade Strategy:
Look for entries around the current support retest (0.185 - 0.190). A strong 45m/1H candle close above the recent local peak will likely trigger a fast move toward the 0.24 region.
Keep your eyes on the volume—the bulls are getting ready. 📈
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