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【$MET Signal】Pullback to go long / Breakout chase long, 1H level short squeeze structure
$MET 1H level RSI soared to 93.82, buying pressure extremely crowded. The upper band of the 4H Bollinger Bands was directly broken through, with the price standing at 0.2018, far exceeding the upper band of 0.1789. MACD on both cycles is expanding strongly, but market depth is unbalanced—-4.67%, sell orders are noticeably sparse. Under a negative fee rate environment of -0.0072%, the price remains firm, which is a typical fuel for a short squeeze.
The price will either directly break through the previous high of 0.2039 or pull back to confirm support.
🎯Direction: Long
⚡Entry/Order: Aggressive traders enter directly at the current price of 0.2018, conservative traders place a pending order at 0.1553.
🛑Stop loss: 0.1473
🚀Target 1: 0.2017
🚀Target 2: 0.2025
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.
This extreme overbought condition is usually accompanied by intense volatility. The negative fee rate provides a breeding ground for short squeeze, and stable open interest indicates that chips have not been widely distributed. The 1-hour volume significantly increases during price rally, indicating clear buying intent. But the RSI's extreme level also means any slight disturbance could trigger profit-taking, so stop loss must be strictly enforced. The risk-reward ratio here relies on position management and decisive execution to compensate.
Check real-time market 👇 $MET
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