MTL/USDT In this support area, need to bounce for continue UP!

💎 MTL has recently exhibited significant market dynamics, with a notable bounce from the support area. However, it appears that the price is poised for a back test of this support level.

💎 If MTL manages to rebound from this support, there is potential for the price to resume its upward trajectory and continue towards a retest of the strong resistance area.

💎 On the other hand, if MTL fails to demonstrate strength by either failing to bounce from the support area or breaking down below it, there is a possibility that the price may descend to the demand area around 1.345.

💎 It's crucial to monitor how MTL reacts around the demand area. A successful bounce from this level is imperative as it signifies robust support. However, if MTL fails to sustain itself above the demand area, it could signal further downward movement.