Volume ratio 22.8x, shorts are still paying funding: MTL’s surge is not that simple
Damn,
$MTL rallied 24.314% in one day, driving the volume ratio to 22.8x—I watched it all night, waiting for a pullback. Direction first: bullish on the daily chart, but don’t chase short term; buy the dip on a retracement.
The volume is real. 24h trading volume was 2819067 USDT, while the entire previous day was only 277,000; at 23:15, the 15-minute candle surged to 0.35, with single-candle volume of 1718486. MACD has maintained a golden cross above the zero line for 22 days, MA7 has held above MA30 for 19 day