$MTL Great Potential Play
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The dislike for 
MTL in the crypto community is well established, but even so, it looks like we may have found a bottom for a potential play. In addition, Metal is the primary sponsor for Richard Branson's Necker Island event, Necker Cup, which is being held in the Bahamas from Nov 27 thru Dec 1. With TA and FA combined, MTL might see a trend reversal, or at the very least, a short-term pump in price.
Intermediate targets can follow past support/resistance lines. Top target could be set to first resistance/fib combination.
Buy: now, around 54581 sats
Target 1: 74500 sats (+36%)
Target 2: 84400 sats (+55%)
Target 3: 98454 sats (+80%)
Target 4: 114000 sats (+108%)
Stop: Currently at all-time low, use your best judgement based on your own comfort level.
This would be a high-risk trade (*especially with the unknown, extreme volatility
BTC has experience over the last week*), I highly suggest you limit your exposure. Potential reward might very well be worth the risk.
Not trade advice, DYOR.
Event: neckercup.com/
MTL in the crypto community is well established, but even so, it looks like we may have found a bottom for a potential play. In addition, Metal is the primary sponsor for Richard Branson's Necker Island event, Necker Cup, which is being held in the Bahamas from Nov 27 thru Dec 1. With TA and FA combined, MTL might see a trend reversal, or at the very least, a short-term pump in price.Intermediate targets can follow past support/resistance lines. Top target could be set to first resistance/fib combination.
Buy: now, around 54581 sats
Target 1: 74500 sats (+36%)
Target 2: 84400 sats (+55%)
Target 3: 98454 sats (+80%)
Target 4: 114000 sats (+108%)
Stop: Currently at all-time low, use your best judgement based on your own comfort level.
This would be a high-risk trade (*especially with the unknown, extreme volatility
BTC has experience over the last week*), I highly suggest you limit your exposure. Potential reward might very well be worth the risk.Not trade advice, DYOR.
Event: neckercup.com/
Dagangan aktif
Zooming out to show ATL, big picture view.Dagangan aktif
Targets #1, #2 and #3 all hit within minutes... not sure what's up with that. But a great time to buy back in with those profits and lower levels and play again. Still a week away from the Necker Island event.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.