š» $MTL Bearish Breakdown, Momentum Fading Fast! ā ļø
$MTL is struggling to reclaim short-term resistance after breaking below $0.800. Repeated rejection wicks and growing sell volume show sellers tightening grip short setup is in play as price forms lower highs on the 30M chart.
š Short Trade Setup
ā¢ Entry Zone: 0.775 ā 0.785
ā¢ Target 1: 0.750
ā¢ Target 2: 0.728
ā¢ Target 3: 0.705
ā¢ Stop Loss: Above 0.795
š Key Insight: Watch for a weak bounce near $0.780 ideal zone to enter. Bearish structure remains intact unless $0.795 is flipped. Trail stops after TP1 if volume confirms continuation.