🚀 $METIS: FADING THE DEAD CAT BOUNCE? 📉
$METIS Retail is calling a "bottom" after a +19% bounce, but the smart money is looking at the exit door. The data suggests this rally is a Distribution Trap before the next leg down.
🔍 The Bearish Logic:
Funding Flip: Funding just turned positive (+0.005%). Late longs are now paying to hold, providing the perfect "fuel" for a move lower.
OI Stagnation: Open Interest is flatlining as price rises. This confirms short-covering, not genuine buying power.
Liquidity Magnet: Massive Sell-Side Liquidity (SSL) remains untapped between $3.00 - $3.30. Price follows the liquidity.
📉 THE TRADE SETUP:$METIS
Direction: SHORT 🔴
Entry Zone: $4.05 - $4.20 (Wait for the retest)
Target 1: $3.45 (Local Support)
Target 2: $3.05 (Final SSL Sweep)
Stop Loss: $4.38 (Strict)
⚠️ Invalidation: 1H candle close above $4.38. Stay alert—if BTC spikes, we wait for a higher entry at $4.60.
Note: That thin order book spread you mentioned above $3.80 is a double-edged sword—it makes the $4.10 entry likely, but watch for slippage if you use market orders! Want me to check the $4.60 BSL cluster to see how much volume is sitting there?