đź’Ž MTL has recently exhibited significant market dynamics, with a notable bounce from the support area. However, it appears that the price is poised for a back test of this support level.
đź’Ž If MTL manages to rebound from this support, there is potential for the price to resume its upward trajectory and continue towards a retest of the strong resistance area.
đź’Ž On the other hand, if MTL fails to demonstrate strength by either failing to bounce from the support area or breaking down below it, there is a possibility that the price may descend to the demand area around 1.345.
đź’Ž It's crucial to monitor how MTL reacts around the demand area. A successful bounce from this level is imperative as it signifies robust support. However, if MTL fails to sustain itself above the demand area, it could signal further downward movement.
đź’Ž If MTL manages to rebound from this support, there is potential for the price to resume its upward trajectory and continue towards a retest of the strong resistance area.
đź’Ž On the other hand, if MTL fails to demonstrate strength by either failing to bounce from the support area or breaking down below it, there is a possibility that the price may descend to the demand area around 1.345.
đź’Ž It's crucial to monitor how MTL reacts around the demand area. A successful bounce from this level is imperative as it signifies robust support. However, if MTL fails to sustain itself above the demand area, it could signal further downward movement.
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