What are you looking at before the close—are you scared by this knife, or wondering whether you can catch it?
$MMT ’s drop is clean and decisive. In 24 hours, it’s -14.32%, falling from 0.154 all the way down to 0.127. The intraday spike (wick) range is over 17%. Volume is close to 60 million, but turnover is only 8.25 million, suggesting that funds are rotating at the low end, yet no one is willing to take overpriced lots. The key is the new low at 0.127—will it hold as a double-bottom support, or is it the start of a breakdown? We’ll know clearly once this weekly candle closes over the weekend.
At the current price of 0.1292, set your stop loss just below 0.127. If it breaks, don’t buy. For the short term, first look for 0.142 to hold steady, then try for a rebound toward the previous high of 0.154. If 0.127 is defended, there’s an expectation of a rebound; if it breaks down, then look lower to 0.108.
#MMT
$MMT ’s drop is clean and decisive. In 24 hours, it’s -14.32%, falling from 0.154 all the way down to 0.127. The intraday spike (wick) range is over 17%. Volume is close to 60 million, but turnover is only 8.25 million, suggesting that funds are rotating at the low end, yet no one is willing to take overpriced lots. The key is the new low at 0.127—will it hold as a double-bottom support, or is it the start of a breakdown? We’ll know clearly once this weekly candle closes over the weekend.
At the current price of 0.1292, set your stop loss just below 0.127. If it breaks, don’t buy. For the short term, first look for 0.142 to hold steady, then try for a rebound toward the previous high of 0.154. If 0.127 is defended, there’s an expectation of a rebound; if it breaks down, then look lower to 0.108.
#MMT