$MTL /USDT is currently trading around 0.399, showing a +0.50% change over the last 24 hours. After a sharp drop toward 0.393, price quickly rebounded, indicating strong demand at lower levels and an active defense of support.
On the 1H timeframe, the chart shows a clear bounce and short-term consolidation above support. Bullish candles following the liquidity sweep suggest momentum is gradually building, though price is still trading below a key resistance zone.
Trade Setup
Entry Zone: 0.395 – 0.400
Target 1: 0.405
Target 2: 0.412
Target 3: 0.420
Stop Loss: 0.389
Technical View
Strong demand zone held near 0.393
Liquidity sweep followed by a quick bullish response
Price consolidating just below resistance at 0.405 – 0.408
A clean break and close above 0.408 could trigger a continuation move toward higher targets
If the resistance is taken with convincing volume, MTL can expand into a stronger upside rally. Failure to hold above the entry zone would likely keep price ranging or lead to another test of support.
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