$MTL /USDT: Breakout Setup at 24H High Resistance🚀🚨
💥 MOMENTUM ALERT: $MTL recovers strongly from 0.664 support, now testing 24H high at 0.686 with bullish momentum.
Current Analysis:💰
1️⃣Price: 0.685 (testing resistance)
2️⃣Pattern: Strong intraday recovery with consecutive green candles.
3️⃣Support: Clean bounce from 0.664 zone.
4️⃣Resistance: 24H high at 0.686 under pressure.
Trade Setup:✨
Entry Strategy:⚡
🔲Zone: 0.682-0.690 (breakout area)
🔲Key Level: Break above 0.690 confirms continuation.
🔲Stop Loss: 0.668 (below support)
Profit Targets:💵
🔸TP1: 0.705 (initial extension - 2.9% gain)
🔸TP2: 0.725 (momentum target - 5.8% gain)
🔸TP3: 0.755 (extended rally - 10.2% gain)
Technical Strength:🚨
Bullish Factors:💫
◼️Back-to-back green candles.
◼️Strong recovery from support.
◼️Testing 24H high resistance.
◼️Increasing buyer strength.
Breakout Confirmation:🌟
🔹Hold above 0.690 critical.
🔹Volume spike on breakout.
🔹Sharp rally potential unlocked.
Risk Management:😐🔑
🔳Entry: Wait for 0.690 break confirmation. 🔳Stop: Below 0.668 support invalidates setup.
🔳Scaling: Take profits systematically at targets.
Bottom Line: MTL shows classic breakout setup at resistance. Strong recovery momentum suggests sharp rally potential if 0.690 breaks with volume.
Watch: Break and hold above 0.690 triggers acceleration! 💥
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