MTL/USD LONG SETUP

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Metal Perpetual Futures (FTX:MTLPERP)

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FTX:MTLPERP Metal Perpetual Futures

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I wouldn't call this move on MTL, "Impulsive". More of a slow steady grind up which I don't usually like very much. I actually had a short limit order on for $2 but I removed it thinking it could go higher and i could get my short up at $2.25 area.

I'll be looking for a 4hr or 1hr VPT to print to give me some clarification on entry with the idea to get my entry at around $1.5.

Kommentera:

Sherlock Retracement from the daily VPT using percentages shows that a retracement level would be at 1.4850, which is brilliant because that is right in the zone of which I am looking to buy MTL.

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