Metal is a fairly new cryptocurrency with a solid value proposition and rock star team(seriously, check out their team)
In the current crypto market, it's a bit hard to follow that old buy low sell high saying, as most of the popular coins are outdoing themselves. If you want to stay true to this time tested statement, you have to dig a bit and look for the ones underperforming, which could be difficult when most of worthwhile coins are overperforming(arguably).
I think metal is a good buy opportunity (just my opinion). MTL was valued at around 12 dollars not too long ago, and is currently sitting at a little over 4$. Why is this? Well metal is a great coin that had a lot of hype and the price rose a bit too high a bit too fast. When a coin rises too fast, it's simply too tempting to not lock in exponential ROI over the course of a few days. So folks who bought in early at say 2 dollars see it's 12 dollars a few days later, and can't pass up on 6x profit in 72 hours, for example.
Sometimes there are legitimate reasons for a coin to dip dramatically - but if the fundamentals of the coin/team haven't changed and the coin drops dramatically, there's a good chance it will retrace back to previous highs and then some.
Metal is a solid coin that hasn't had any changes/failures that could possibly justify a 75% price decrease, and leads me to believe the price will recover, but in the mean time it's for sale at a deep discount
A simple TA of metal has the bollinger bands shrinking and the price level approaching the oversold band. When bollinger bands shrink it's a good sign that there will be a spike in price action, either up or down. Given Metal's previous price history, I think it's fair to assume this spike will be an upward one, as there's not much room for it to go down. It only has to lose 4 dollars to reach zero$ valuation, but 8$ dollars to reach previous all time highs. The risk/reward is 1:2... not too shabby
If we take a look at the RSI, it is teetering along the oversold line, another good sign that the spike that usually follows shrinking bollinger bands will be an upward spike in this particular case.
DYOR, this is just my opinion on particular trade opportunity, though I do think it's a reasonable one.. Though I suppose that's a slightly biased statement ;)
-best