$METIS 🚀 BULLISH MOMENT 🚀
Chart Overview
While the chart image isn’t live, it typically depicts METIS oscillating within defined swing zones, likely between its recent swing low and swing high. This context allows for Fibonacci zone mapping and strategic trade positioning.
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Fibonacci Retracement & Extension Levels
Assuming:
Swing Low: ~$17.00
Swing High: ~$23.00
The key Fibonacci levels are:
Fibonacci Level Approx. Price (USDT)
38.2% Retracement ~$20.08
50.0% Retracement ~$20.00
61.8% Retracement ~$19.90
100% Breakout Level ~$23.00
127.2% Extension ~$25.50
161.8% Extension ~$27.50
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METIS Trading Strategy
1. Pullback Long (Conservative Entry)
Entry Zone: $19.90 – $20.08 (50–61.8% Fib)
Stop-Loss: Below ~$19.50
Targets:
T1: ~$23.00 (swing high)
T2: ~$25.50 (127.2% extension)
T3: ~$27.50 (161.8% extension)
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2. Breakout Long (Momentum Trade)
Trigger: Daily close above ~$23.00 with volume confirmation
Stop-Loss: Below ~$20.00
Targets:
T1: ~$25.50
T2: ~$27.50
T3: ~$30.00+ (psychological resistance)
Confirmation & Risk Management Tips
Confirm entries with volume surges and momentum indicators like RSI or MACD to improve reliability.
Cap risk at 1–2% of trading capital per trade and adjust position size accordingly.
Pair Fibonacci levels with other technical tools like trendlines or candlestick patterns to anchor your entries/exits effectively.
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