it's short in volume by more than 400%, so read this article confidently, keep fighting through hemorrhoids
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Real Trade Notes
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Bearish🚨 $MMT IS IN THE TECHNICAL RECOVERY PHASE – THE RISK OF CONTINUED DECLINE REMAINS HIGH
MMT has just bounced +11% in 24h, but don't let the short-term pump fool you.
Looking at the 1D – 4H – 1H charts, it is clearly visible:
1D
The price is currently sideway below the resistance zone of $0.70, after a strong dump from $6.4 → $0.27
The long-term downtrend structure has not been broken yet.
4H
MA5 and MA10 are below MA25, with no sustainable reversal signal yet.
The technical bounce is weak, with decreasing volume.
1H
RSI is approaching the overbought zone, short pressure accounts for ~58%
A short pullback to the zone of $0.58–0.60 is likely.
Currently, the price is around $0.63, while MA25 = $0.61 is temporarily acting as support.
If it breaks $0.58 → the next target could be $0.47.
On the contrary, to reverse the trend, MMT needs to break and close above $0.70 with increased volume — this has not yet occurred.
💬 Personal experience:
This is a typical “bear rally” setup — the price is recovering to test supply, not a reversal signal.
🧭 Personal strategy (not investment advice):
• Prioritize observation, do not long too early.
• Potential short zone: $0.67–0.70
• Cut loss when closing above $0.72
• Short-term target: $0.58 → $0.47
📉 MMT is still in the distribution zone after the major crash, and no signs of smart money accumulating have been seen.
MMT has just bounced +11% in 24h, but don't let the short-term pump fool you.
Looking at the 1D – 4H – 1H charts, it is clearly visible:
1D
The price is currently sideway below the resistance zone of $0.70, after a strong dump from $6.4 → $0.27
The long-term downtrend structure has not been broken yet.
4H
MA5 and MA10 are below MA25, with no sustainable reversal signal yet.
The technical bounce is weak, with decreasing volume.
1H
RSI is approaching the overbought zone, short pressure accounts for ~58%
A short pullback to the zone of $0.58–0.60 is likely.
Currently, the price is around $0.63, while MA25 = $0.61 is temporarily acting as support.
If it breaks $0.58 → the next target could be $0.47.
On the contrary, to reverse the trend, MMT needs to break and close above $0.70 with increased volume — this has not yet occurred.
💬 Personal experience:
This is a typical “bear rally” setup — the price is recovering to test supply, not a reversal signal.
🧭 Personal strategy (not investment advice):
• Prioritize observation, do not long too early.
• Potential short zone: $0.67–0.70
• Cut loss when closing above $0.72
• Short-term target: $0.58 → $0.47
📉 MMT is still in the distribution zone after the major crash, and no signs of smart money accumulating have been seen.
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.