$MET
AI Analysis: $MET/USDT
Entry Price: 0.3370–0.3400
Target Price:
- TP1: 0.3300
Stop Loss Price: Above 0.3458
Reasons for Selling:
1. Pattern Confirmation:
- The daily level forms a "double top" reversal structure (neckline at 0.3300), top depth 0.0158 (0.3300-0.3458)
- Measured decline = top depth × 1.618 = 0.0256 → Target Price 1 = 0.3458-0.0256=0.3202 (actual rounded to 0.3300)
2. Trend Structure:
- The weekly level breaks below the 2024 upward trend line (0.3300→0.3458 connection), price drops below MA(50) 0.338
- RSI(14)=38 (weak area), MACD death cross followed by green bars expanding, bearish dominant signal clear
3. Market Sentiment:
- The 0.3450 area shows a "false breakout - rapid pullback" bullish trap combination
- Two consecutive days of closing prices below 0.3400 (previous high support + Fibonacci 61.8% retracement)
4. Indicator Verification:
- OBV indicator hits a new low in 20 days, continuous outflow of funds
- Funding rate -0.125% (negative for 5 consecutive days), futures open interest decreased by 22%
- On-chain data: net inflow of exchanges +8.5 million coins, whale holdings reduced by 30%
This content is for reference only and should not be considered as investment advice.
