The price action confirms a rejection at the local resistance zone, signaling a shift in market structure. We are currently observing the 3.00 level closely, as a decisive break below this point will likely trigger stop-loss cascades from late-stage buyers.
Momentum is clearly shifting to the downside as the daily volume profile shows a lack of conviction from the bulls. With the current order flow favoring sellers, the path of least resistance appears to be lower. Do you view this breakdown as a local correction or the start of a deeper trend?
Not financial advice. Always manage your risk.
#METIS #ShortSetup #TechnicalAnalysis #OrderFlow
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