$MTL / USDT — Post-Impulse Rejection, Short Setup

MTL saw a sharp impulsive spike from the 0.38 base into the 0.48 zone, followed by immediate rejection and steady pullback. Price is now trading around 0.41, failing to hold the breakout structure and printing lower highs — signaling exhaustion after the spike.

Direction: Short

Entry Zone:

0.415 – 0.435

Targets:

Target 1: 0.395

Target 2: 0.380

Target 3: 0.360

Stop Loss:

Above 0.455

Bias:

Bearish while price remains below 0.44–0.45 resistance. A strong 1H close back above 0.455 would invalidate the short setup and shift bias to neutral.

MTL

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