$MMT is not weak here, it’s getting hunted. 🩸
Down 13% on the day to $0.1672, and I’m still leaning bullish. Why? Because this dump came with $130.26M in volume, 6.1x the 20d average. That’s not dead demand. That’s a forced shakeout. Shorts are leaning too hard too, funding at -0.072% means they’re paying to stay brave. 😈
RSI on the 4h is 33. Oversold.
And it’s only 8% up its 30d range while still 64% off the high.
Mixed MAs, choppy tape, ugly candles. Fine. That’s exactly where the cleanest squeezes start.
#MMT
#Crypto
#Web3
Down 13% on the day to $0.1672, and I’m still leaning bullish. Why? Because this dump came with $130.26M in volume, 6.1x the 20d average. That’s not dead demand. That’s a forced shakeout. Shorts are leaning too hard too, funding at -0.072% means they’re paying to stay brave. 😈
RSI on the 4h is 33. Oversold.
And it’s only 8% up its 30d range while still 64% off the high.
Mixed MAs, choppy tape, ugly candles. Fine. That’s exactly where the cleanest squeezes start.
#MMT
#Crypto
#Web3