We have a descending trendline that MTL is attempting to break

Metal (MTL) is in a strong bearish trend, moving downwards with a descending trendline. Buyers are applying pressure to break this trendline, and if successful, we could see an upward movement following a retest.

6/21/20241 min read

Metal (MTL) price chart showing a bearish trend with a descending trendline. Buyers are applying pre
Metal (MTL) price chart showing a bearish trend with a descending trendline. Buyers are applying pre

The trend of Metal is completely bearish, and it is moving straight downwards. We have a descending trendline that MTL is attempting to break, with buyers applying pressure.
The scenario involves breaking this trendline, if it breaks and retests, we could see an upward movement.