$MET /USDT TECHNICAL ANALYSIS – BEARS IN CONTROL, DOWNSIDE PRESSURE BUILDING
$MET /USDT is showing weakness after rejection from the upper range, signaling sellers are dominating and a continuation to lower support levels is likely unless bulls reclaim key resistance.
Immediate Market Move Explanation:
Price failed to hold above the 0.255–0.258 resistance zone and is currently trading near the lower range around 0.248. This rejection, combined with declining momentum, suggests a bearish continuation toward the demand area near 0.243. Unless price quickly reclaims 0.255 with strong volume, selling pressure may persist.
Trade Setup (Short Position)
Entry (Short): 0.250 – 0.253
Targets (TP):
TP1: 0.243
TP2: 0.236
TP3: 0.228 (if bearish momentum expands)
Stop Loss (SL): 0.262 (above recent high & resistance)
Market Outlook
Overall structure remains bearish to neutral in the short term. Buyers need a strong breakout and close above 0.262 to flip the bias bullish. Until then, rallies are likely to be sold, favoring short setups.
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