METISUSDT Key Support| Trend Change? Higher Low?
In Today’s analysis -METISUSDT-rejecting from a clean Daily Resistance, now resting above its local Value Area High with a lower support projection.
Points to consider ✍️
- Value Area High
- Daily S/R Resistance
- Point of Control
- .618 Fibonacci S/R Support
- Swing High Objective
METISUSDT bouncing from Value Area High after first test, loosing this area will allow for lower support to be tested, an area of multiple technical confluences.
Re-testing the lower Daily S/R Support will confirm a Rounded Bullish Retest, this will also tap into the .618 Fibonacci and confirm a higher low in the local up-trend.
Overall, in from Bitcoin Insider’s perspective, METIUSDT is a valid long with defined risk, price action it to be used upon discretion/ management when testing lower support. ✍️
Points to consider ✍️
- Value Area High
- Daily S/R Resistance
- Point of Control
- .618 Fibonacci S/R Support
- Swing High Objective
METISUSDT bouncing from Value Area High after first test, loosing this area will allow for lower support to be tested, an area of multiple technical confluences.
Re-testing the lower Daily S/R Support will confirm a Rounded Bullish Retest, this will also tap into the .618 Fibonacci and confirm a higher low in the local up-trend.
Overall, in from Bitcoin Insider’s perspective, METIUSDT is a valid long with defined risk, price action it to be used upon discretion/ management when testing lower support. ✍️
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