Market Update: Metal (MTL/BTC) - Finding a support base
METAL (MTL/BTC)
Analysis
- MTL is in a healthy retracement channel
- Price seems to be finding support at the 61.8% fib level
- RSI is uptrending on the H4
- Enter long when price breaks above channel
Targets
1. 251,000 (+20% profit)
2. 267,500 (+25% profit)
3. 295,000 (+40% profit)
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STOP@nakedtrader got you a $7.04 @minnowbooster upgoat, nice! (Image: pixabay.com)
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Nice to meet you :), I want to communicate frequently.
Interesting!
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