EngineeringRobo and I are currently bearish about MTL. IT is advisable to sell right now as the candles recenetly broke the top Bollinger Band.
If you are interested in buying MTL, Wait fo EngineeringRobo buy signals or you can buy if the candles break (open/close) the 0.316 resistance level. If you buy with EngineeringRobo buy signals, be sure to pay attention...
As of now, there are 2 SELL signals present and I don't think this is a good time to buy yet.
If you want to buy again, please wait for EngineeringRobo's BUY signals to be present or wait for candles to open-close above resistance level (0.35) for 1D.
Also, you can buy if the candles will touch the support line (0.25).
After you buy, please watch out for...
Buy 1, buy2 and green robo signal . Here is my analysis:
1. We can buy when risk/reward ratio is greater than 2 = 0.34usdt
2. We can buy at support = 0.3usdt
We can use sell2, sell1 or red robo signal for sell decisions. Otherwise, we can also sell at resistance depending when you buy.
Expecting MTL to breakout. A retest would be my long trigger, I will sell 80% at my TP, I will hold the remaining 20% as a moonbag.
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According to my analysis, 3 of the signals, buy -1, moon, and m20(blue line) is above ma50(the yellow one), show to us. now is the correct time to buy MTL.
After buying it we may sell the dashed yellow resistance line (0.3620) or the next one 0.4010. This is your choice, but if you ask me I would prefer to first one(0.3620)
MTLUSDT, the trend has been slightly increasing and it is just about to break the resistance line.
1. It might continue to increase. Wait for an open-close candle above the line then buy.
2. It might start to decrease. Wait for an open-close candle below the support line then sell.
- as long as it is in the area of the parallel (support and resistance lines),...
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PAIR: MTL/USDT
T/F: 1HR
LENGTH: MEDIUM
ENTRY: 3237
TP1: 3324
TP2: 3396
TP3: 3503
TP4: 3753
SL:3070
NOTES:
- New trendline breakup
- Flipped current resistance/support
- Pullback and bounce off support after initial breakout
-...
