$MTL

Technical Analysis

Current Price: 1.2882 (up +3.43%)

Moving Averages:

MA(7): 1.2836

MA(25): 1.2775

MA(99): 1.2578

The price is above all key moving averages, indicating bullish momentum.

Volume: Increasing volume, suggesting strong buying interest.

MACD:

DIF: 0.0058

DEA: 0.0057

Histogram: 0.0001 (bullish crossover in progress).

RSI (6): 69.88 (near overbought territory, signaling caution for a potential pullback).

Trend Prediction

Short-Term Trend: Bullish

Potential Patterns:

Ascending Triangle forming on the 15-minute chart.

Breakout likely if resistance at 1.2907 is cleared.

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Strategies

1. Scalping Strategy

Long Entry: 1.2840 (near MA(7))

Take-Profit (TP): 1.2950

Stop-Loss (SL): 1.2780

Trade Duration: 15-30 minutes

Risk-Reward: Moderate (focus on quick profits within a tight range).

Short Entry: 1.2905 (if resistance holds)

Take-Profit (TP): 1.2750

Stop-Loss (SL): 1.2960

Trade Duration: 15-30 minutes

2. Intraday Strategy

Long Entry: 1.2830 (pullback to MA(7) or support)

Take-Profit (TP): 1.3100

Stop-Loss (SL): 1.2700

Trade Duration: 2-8 hours

Short Entry: 1.2980 (false breakout above resistance)

Take-Profit (TP): 1.2700

Stop-Loss (SL): 1.3050

Trade Duration: 2-8 hours

3. Long-Term Strategy

Long Entry: 1.2700 (pullback near MA(25))

Take-Profit (TP): 1.3500

Stop-Loss (SL): 1.2500

Trade Duration: 1-7 days

Short Entry: 1.3100 (if rejected at higher resistance)

Take-Profit (TP): 1.2400

Stop-Loss (SL): 1.3300

Trade Duration: 1-7 days

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Risk Management

1. Position Sizing: Risk only 1-2% of your capital per trade.

2. Trailing Stop: Use a trailing stop of 0.005 to lock in profits during volatile moves.

3. Max Loss: Limit losses to a maximum of 5% per day to protect capital.

Contingency Plan (If Trade Goes Against You):

For Longs:

If price breaks below 1.2750, exit immediately.

Look for re-entry near MA(99) at 1.2578.

For Shorts:

If price breaks above 1.3100, exit immediately.

Re-enter near 1.3200 (potential double-top).

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Disclaimer

Trading involves significant risks. Use proper risk management and avoid emotional decisions. Always do your own research (DYOR) before taking any positions.

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Final Recommendation

Favorable Position: LONG

Entry Point: 1.2830

Take-Profit (TP): 1.3100

Stop-Loss (SL): 1.2700

Duration: Intraday (2-8 hours)

This setup aligns with the current bullish momentum and trend. Keep monitoring volume and RSI for any overbought signals or trend reversals.
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