🔴 $MTL

/USDT SHORT TRADE IDEA

Current Price: 0.7929

Trend: Weak bounce — facing rejection near resistance

🔍 Trade Setup

ZonePrice Range🔻 Sell Entry Zone0.79 – 0.82 → Watch for rejection wicks or bearish engulfing patterns on 15m–1h timeframes🛑 Stop Loss0.835 (Just above recent highs)

🎯 Targets

TargetPriceDescriptionTP10.76First support testTP20.74Key structure levelTP30.71Major support (strong bounce zone)

📊 Key Technical Levels

Resistance Zone: 0.80 – 0.83 → Price is stalling here.

Pivot Level: 0.78 → Intraday midpoint

Support Zone: 0.74 – 0.71 → Targets zone and potential bounce area

💡 Pro Trading Tips

✅ Look for volume fade or bearish divergence on 15m/1h RSI or MACD.

✅ Confirm entry with candle rejection or EMA cross down (e.g., 9 EMA below 21 EMA on 15m).

✅ Use a trailing SL below 0.76 to protect profits.

❌ Exit quickly if price closes above 0.835 with strong volume (trend reversal confirmation).

🧠 Risk Management Reminder

Use only 1–2% of your capital on this trade.

Never short blindly; wait for price action confirmation.

This trade is intraday/swing — don’t overextend if market volatility spikes (watch BTC/ETH behavior too).

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