MTL : IS THIS COIN GOING TO SHOW A HUGE BREAKOUT OF 300% UP
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Today, we conducted a study on a certain coin for the upcoming time period. We observed an intriguing connection between a previous breakout of up to 300%, as depicted in the accompanying image, which occurred within a 3-hour period.
Upon further examination, we noticed that a trend had been present for 10 hours prior to the breakout, indicating a breakdown trend. Currently, we are seeing similar trends, with a breakdown that has been in progress for 5 hours.
It's important to note that this does not guarantee a breakout will occur, and we cannot guarantee any outcomes. We are simply highlighting the potential for a breakout based on our observations.
Based on our study, the coin MTL is still worth considering if it remains above 0.80. However, we do not focus on day trading for this coin, as our primary focus is on the breakout view.
Do always study, and see this update only as a view
For day trading
The coin is currently displaying a breakdown trend on the low time frame and it would be intriguing to see if it targets $1.11 again.
The key level to watch for is $1.98. The last breakout of 300% did reveal first a short-term breakdown for 10H, then broke out in 3 hours by 300%.
on this chart, we see a similar pattern.
Depending on the breakdown time frame, we are now at 5H.
There are more views showing a similar trend, our of the basic time frame patterns.
Upon further examination, we noticed that a trend had been present for 10 hours prior to the breakout, indicating a breakdown trend. Currently, we are seeing similar trends, with a breakdown that has been in progress for 5 hours.
It's important to note that this does not guarantee a breakout will occur, and we cannot guarantee any outcomes. We are simply highlighting the potential for a breakout based on our observations.
Based on our study, the coin MTL is still worth considering if it remains above 0.80. However, we do not focus on day trading for this coin, as our primary focus is on the breakout view.
Do always study, and see this update only as a view
For day trading
The coin is currently displaying a breakdown trend on the low time frame and it would be intriguing to see if it targets $1.11 again.
The key level to watch for is $1.98. The last breakout of 300% did reveal first a short-term breakdown for 10H, then broke out in 3 hours by 300%.
on this chart, we see a similar pattern.
Depending on the breakdown time frame, we are now at 5H.
There are more views showing a similar trend, our of the basic time frame patterns.
Nota
MTL is still one of the best possibilities for a breakout.Nota
MTL becoming dependent on a structured way of trading green after hours of breakdown view. This is out of price action, but a structured way of volume.Nota
After 11H MTL is still interesting.Nota
Nota
Nota
Breakouts come in unexpected ways, but the structure volume is always active when it happens.Nota
BTC failed to hold low TF, causing most coins, including MTL, to break down. As long as MTL remains above $0.80, it remains interesting.Nota
MTL did hold the $0,80, and today it's increasing above 50%it's always good for traders to take structurally TP.
Penafian
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