$METIS is showing some volatility, but bullish signs are emerging. The price action suggests potential for upward movement if market conditions remain favorable. 🚀
Volume has increased, reaching 1.57M USDT in the last 24 hours. This indicates growing interest and participation from traders.
Capital inflows are encouraging. Net inflows for 24H contracts are positive, as are inflows across several shorter timeframes. The 7-day spot inflow also shows strength, suggesting dip buyers are active.
The price has rebounded significantly from recent lows around 4.92, gaining 14.5% in a day. $METIS is trading above 6.00, with limited distance to the 24-hour high, indicating potential upside.
My outlook for $METIS is a cautious long position. The sentiment is bullish, but managing risk with tight stops is crucial.
Entry: 6.00-6.15 (current or on a dip)
SL: 5.75
TP: 6.65, then 6.88
While bullish signals are present, be mindful of the negative funding rate and the price being below key MAs. Trade with smaller position sizes and consider scaling out at targets. Do not overexpose yourself. 📈
#metis #METISUSDT
