METISDAO PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is METIS on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side.
We can also see that the price has just dipped below the 0.236 Fibonacci level (all-time). This means two things:
1. The system signals that we should wait.
2. The price is below this key level, which is a crucial support zone.
Conclusion: We wait for two confirmations:
The system flipping long.
The price reclaiming the 0.236 Fibonacci level as support.
Patience is key, so we’ll check this chart again tomorrow.
Stay safe!
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