$MET/USDT – Everyone is Waiting for a Bullish Breakout, I Observe Signs of Failure

Most of the market is expecting a strong rebound of $MET, but the current structure indicates this might just be a technical retracement within a sideways zone.
📈 Trading plan:
• Entry: 0.1761 – 0.1767
⛔ StopLoss: 0.1792
• TP1: 0.1743
• TP2: 0.1729
• TP3: 0.1708
📊 Why prioritize SHORT?
The 15-minute RSI is at 45.82 – below the midline 50, indicating weak momentum and no clear signs of a trend reversal. The price is currently close to the 1H reference zone around 0.1764, but ATR is only about 0.0026 – a narrow range signaling the market is being compressed.
When ATR narrows in a low-volume environment, the probability of a strong breakout is high. However, with the 1D structure still sideways, the slight bias leans toward the sell side (around 52%). Therefore, TP1 at 0.1743 is a reasonable target before expecting deeper moves to 0.1729 and 0.1708.
An important point is that the recent rally lacked decisive buying pressure. The price rising in thin liquidity often signals that sellers are waiting for a good exit point.
The question is:
Will this consolidation in the sideways zone be strong enough to push the price to TP2 at 0.1729, or is this just a false break designed to wipe out short positions before a rally?
The market can always surprise the majority — so risk management remains the most crucial factor. $MET
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