$METIS /USDT BEARISH REVERSAL ZONE | SHORT TRADE SETUP BELOW $17.50
Current Price: $16.85 (-4.21%)
Trend: Bearish — price rejected from $17.81 and now trending down with momentum weakening, suggesting a move toward deeper supports.
KEY LEVELS TO WATCH:
Resistance Zones:
• $17.50 – Intraday resistance
• $17.80 – 24h high / key rejection zone
Support Zones:
• $16.23 – 24h low
• $15.60 – Key support from prior base
TRADE SETUP – SHORT POSITION:
Entry: $16.90 – $17.20 (ideal after weak bounce)
Target 1 (TP1): $16.20
Target 2 (TP2): $15.60
Stop Loss (SL): $17.85
RISK MANAGEMENT:
Limit exposure to 1–2% of capital. Volatility is moderate, so wait for confirmation (like bearish engulfing on 1h) before entering. Use tight SL to protect against unexpected spikes.
Summary: $METIS is showing weakness below $17.50. Lower highs and consistent resistance pressure suggest a breakdown continuation is likely if support fails.
DON’T CHASE — LET PRICE COME TO YOU. TRADE SMART.
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