$MTL (Perp)
Metal is cooling off after a sharp impulse, now deciding its next direction.
Price Update
Price: $0.4135
24H Change: +2.43%
Intraday High: $0.4291
Intraday Low: $0.4015
What’s Happening
After the strong spike toward $0.4539, price faced heavy rejection and pulled back fast. Buyers stepped in near the $0.40 zone, preventing further downside. Now price is stabilizing around key moving averages, showing balance between buyers and sellers. Volume has eased, signaling consolidation rather than continuation — for now.
Key Levels
Support: $0.405 – $0.401
Major Support: $0.388
Resistance: $0.420 – $0.429
Major Resistance: $0.454
Trend
Short-term: Neutral
Structure: Post-pump consolidation
Trade Idea
If MTL holds above $0.405 and reclaims $0.420, a move toward $0.435 – $0.454 is possible.
If price loses $0.401, expect a deeper pullback toward $0.388 demand.
This is a waiting phase. Let the range break first — momentum trades come after structure confirms, not during consolidation.
