The short-term consolidation phase that followed the previous sharp decline now appears to have ended. METIS has once again moved below its recent lows, an area where sell-side liquidity has likely accumulated. This development makes it important to monitor how the market reacts next — whether the correction continues further or a potential reversal begins, pushing the price back toward this year’s high.

METIS technical analysis

METISUSD - 1 Day Time Frame

The recent liquidity sweep has resulted in the formation of a critical resistance zone, most clearly visible on the daily timeframe. The bearish momentum was significant enough that the low of one candle does not overlap with the high of the next, reflecting a clear imbalance in market structure. This zone has been highlighted in orange on the accompanying chart.

At this stage, the key factor is how price action behaves when retesting this area, as two main scenarios could unfold.

If the resistance holds — meaning the price fails to close above it on the daily timeframe — the bearish context could persist, potentially leading to a continuation of the current downtrend.

Alternatively, an impulsive close above the resistance zone, ideally surpassing the origin of the bearish price delivery (also marked on the chart), could suggest a structural shift in market sentiment. In such a case, price movement could begin targeting higher buy-side liquidity levels.

In summary, the direction for METIS in the coming sessions will likely depend on the market’s reaction to this resistance zone — whether it results in an impulsive breakout or only a corrective retest.