Once again $MMT has come to $0.22 and this level is being strongly held.
Long Trade
Entry: Right now
Take Profits:
1. $0.226
2. $0.271
3. $0.278
Stop Loss: $0.211
$MMT
Why are we longing it?
A strong comeback has already happened on the 1H. The $0.2 resistance has been successfully broken, and on the higher timeframes the resistance is almost broken as well.
Funding rates are in favor of the longs, which is why most of the liquidity is sitting at $0.25 and can easily get grabbed.
The order book is also mostly filled with buy orders now.
Long Trade
Entry: Right now
Take Profits:
1. $0.226
2. $0.271
3. $0.278
Stop Loss: $0.211
$MMT
Why are we longing it?
A strong comeback has already happened on the 1H. The $0.2 resistance has been successfully broken, and on the higher timeframes the resistance is almost broken as well.
Funding rates are in favor of the longs, which is why most of the liquidity is sitting at $0.25 and can easily get grabbed.
The order book is also mostly filled with buy orders now.