0.1871 has been touched 54 times on the 4h chart. MMT is now trading under it.
The last 24 hours took 13.79% off the price and left it at 1% of its 1-hour range. The 1h EMA stack is bearish, 9 under 21 under 50, and 15m RSI sits at 29.06. Sellers have had this tape all day.
0.1871 is where $MMT is decided, on 54 measured touches, and it is overhead resistance now instead of support. Reclaim it and the breakdown was a wick. Below, the next real floor is 0.1748 with 88 touches on the 4h. Lose that and 0.1652, touched 38 times on the 1h, is what is left.
The part most people miss: daily volume came in at 2.54x its 20-period average, but the most recent 1h candle printed 0.47x. The selling did not reverse. It paused. Those are different things.
Before calling this a market move, check $BTC. A 20.05% daily ATR is MMT volatility, not market volatility.
Are you buying the 88-touch level, or waiting for 0.1871 back?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
The last 24 hours took 13.79% off the price and left it at 1% of its 1-hour range. The 1h EMA stack is bearish, 9 under 21 under 50, and 15m RSI sits at 29.06. Sellers have had this tape all day.
0.1871 is where $MMT is decided, on 54 measured touches, and it is overhead resistance now instead of support. Reclaim it and the breakdown was a wick. Below, the next real floor is 0.1748 with 88 touches on the 4h. Lose that and 0.1652, touched 38 times on the 1h, is what is left.
The part most people miss: daily volume came in at 2.54x its 20-period average, but the most recent 1h candle printed 0.47x. The selling did not reverse. It paused. Those are different things.
Before calling this a market move, check $BTC. A 20.05% daily ATR is MMT volatility, not market volatility.
Are you buying the 88-touch level, or waiting for 0.1871 back?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.