🔴 $MET
BREAKDOWN: Sellers in Control - Continuation Short Setup 📉
$MET is breaking down cleanly! Momentum is not slowing, and every attempted bounce is getting weaker. Sellers are fully in control after tapping the rejection zone.
This is a classic continuation structure—we expect downside pressure to unfold smoothly as long as the price stays below the supply band.
📉 SHORT TRADE LEVELS:
• Entry Zone (Short): $0.2715 – $0.2647 (Enter on re-test or current range)
• Target 1 (T1): $0.2450
• Target 2 (T2): $0.2350
• Target 3 (T3 - Final Goal): $0.2230
• Stop-Loss (SL): $0.2926 (Invalidates the entire short thesis)
Bearish Continuation
This is a high-conviction short-continuation setup. The market is showing the tell-tale sign of a downtrend: weakening bounces and immediate rejection at resistance (the supply band).
The Risk/Reward (R:R) is favorable:
• Risk: Entry (\approx\$0.2680) to SL (0.2926) = 0.0246 risk.
• Reward: Entry (\approx\$0.2680) to T3 (0.2230) = 0.045 reward.
• R:R Ratio: Approximately 1.8:1.
The technical structure supports the move toward T3. Execute with discipline, and manage risk tightly. A push above 0.2926 negates this short trade.