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MET's recent surge and sharp decline are indeed worth caution. The key point is—whether it can recover the previous support level at the low point. If it cannot bounce back, the trend is very likely to reverse, and at that point, there's no need to hold on stubbornly.
Currently, the rebound is weak and feeble, which is a good sign that the bears are gathering strength. From a technical perspective, the price has encountered clear rejection in the previous resistance zone, and the entire pattern now is one of consolidation and compression. More painfully, the trading volume during the rebound is shrinking, indicating a significant lack of follow-through buying. This kind of weakness suggests that sellers are secretly absorbing chips.
On lower timeframes, the signs are even clearer—large investors are quietly accumulating, which looks more like distribution rather than strong accumulation. Coupled with the recent overall adjustment in the crypto market, this kind of rebound is more likely to trigger selling pressure. The probability of a downward breakout is indeed increasing.
**Trading Strategy**:
- Entry Range: 0.288 – 0.295
- Stop Loss: Close above 0.305
- First Target: 0.270
- Second Target: 0.255
This opportunity to go with the trend and against the small trend offers manageable risk and a good risk-reward ratio. The value of entering with a small position is quite high.