🚨 MTL Showing Clear Short Setup? Breakdown of Weak Structure 📉
Metal DAO (MTL) has recently caught attention due to short-term volatility, but a deeper look at the charts suggests growing downside risk rather than strength.
🔍 Technical Overview
* Lower High Formation: $MTL has failed to break its previous resistance, forming consistent lower highs — a classic bearish signal.
* Resistance Rejection: Price was strongly rejected near a key supply zone, showing sellers are still in control.
* Weak Volume on Pumps: Recent upward moves lacked volume confirmation, hinting at a BULL TRAP rather than real demand.
* RSI Divergence: Bearish divergence on RSI suggests momentum is fading fast.
📊 Market Structure Insight
MTL remains below major moving averages, and each bounce is being sold into aggressively. This kind of structure often favors short positions on retracements, especially if $BTC dominance remains stable or rising.
⚠️ Risk Factors to Watch
* Loss of local support could trigger a liquidity sweep to the downside
* Overleveraged longs may face liquidation if price breaks below support
* No strong bullish catalyst visible in the near term
🧠 Trading Perspective
For traders, $MTL currently looks more attractive for short-term short setups than long holds. Patience and confirmation are key — let the market show weakness before entering.
#BearishMarket #FuturesTrading #CryptoCharts
