METISTradeSetup

$METIS

/USDT Short Trade Opportunity 🔥💯

Current Price: $36.27
Trade Setup
Entry Zone: $36.00–$37.00
Take Profit Levels:
TP1: $34.50
TP2: $33.00
TP3: $31.50
Stop Loss: $38.00
Risk-Reward Ratio: Approximately 1:3
Market Analysis
$METIS is currently facing strong resistance around the $37.00 level, evidenced by the formation of bearish rejection wicks. Technical indicators suggest potential downside momentum:
RSI (Relative Strength Index): Approaching overbought levels, indicating the likelihood of a reversal.
MACD (Moving Average Convergence Divergence): Showing signs of bearish momentum building, signaling a possible downward move.
A confirmed breakdown below $36.00 could act as a trigger for further price declines, targeting the identified support levels.
Pro Tip for This Trade
Volume Confirmation: Watch for an increase in selling volume during a breakdown below $36.00 to confirm bearish momentum.
Risk Management: Adhere to the stop-loss level at $38.00 to control downside risk if the price moves against your position.
Conclusion
This short trade setup presents a high-risk-reward opportunity as METIS resistance and shows signs of bearish momentum. Traders should monitor price action closely and execute based on clear breakdown confirmations to maximize potential returns.
Feel free to reach out for additional refinements or insights into the $METIS !

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