Today’s gainers look pretty extended in places, and $MTL is definitely one I wouldn’t chase here.
$MTL +23.18% with around $82.92M volume. The move is strong, but the 4H chart shows a sharp expansion from the ~$0.27 area toward a 24h high of $0.4320, followed by some rejection. That’s a lot of momentum in a short window.
I’m watching MTL, but I’d stay away from chasing these green candles. Extreme volume and momentum can keep pushing price higher, so blindly shorting after a big pump is risky too. For me, the cleaner approach is to wait and see whether price can hold the recent breakout area and offer a controlled pullback.
Right now, MTL is more of a “wait for confirmation” setup than a fresh chase entry. If the momentum cools down and buyers defend lower levels, the risk/reward becomes much more interesting.
Manage risk, avoid overleveraging, and let the market come to you.
Don’t chase the candles. Wait for a pullback and trade safe.









