MTL appears poised to reach new highs not seen since December. However, there's a formidable resistance at the monthly channel top, indicating a potential reversal. π Despite this, bullish signals from key indicators like RSI above 70, along with a positive ADX and DI+, suggest a favorable outlook for long positions. π Let's remain optimistic and anticipate positive developments.
Consider selling a portion of your position, around 30-50%, when MTL reaches the range of 670-680. This strategy allows you to secure profits while staying exposed to potential further upside movements. ππ
Consider selling a portion of your position, around 30-50%, when MTL reaches the range of 670-680. This strategy allows you to secure profits while staying exposed to potential further upside movements. ππ