Long
METAL (MTL) - Buy opportunity
Metal is finally recovering. MACD and DMI are crossing on 4H chart. We will face some resistance at this level but will reach the main resistance at 0.00079280 very soon. If we break that one, next target is 0.001000. If we don't break the resistance, we will have support on the SMA50 level (blue line).
Note
Metal is looking good. If we break the resistance at 0.00056000 things can go very fast. MACD and DMI are showing strong signalsNote
Enjoy the ride
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.