Instrument: METISUSDT
Time Frame: 1H
Exchange: Bitget
Trading Type: Swing Trading
Through the 1-hour chart of METISUSDT, we can observe a breakout of the downward trendline with signs of stable support being established.
However, if the price re-enters the trendline, we must re-evaluate the possibility of another breakout. Therefore, instead of entering immediately, it is more prudent to wait for a strong breakout of the key resistance level (which has repeatedly acted as resistance) with significant volume. Once confirmed, a retest and support at this level can set up a long position with a risk-reward ratio of approximately 4.6:1, targeting the previous high.