🪙 ASSET: $MMT /USDT (Binance)
🔴 DIRECTION: SHORT
📉 TREND: Pronounced downward trend. The price has crashed from 0.2478 (chart peak) to the current 0.1661 — a correction of ~33%. The price is trading below all key EMAs: EMA(7) 0.1748, EMA(25) 0.1903, EMA(99) 0.1880, EMA(200) 0.1812 — a full bearish stack. RSI(6) is at 15.80 — an extremely oversold zone that could trigger a short-term technical bounce, but the primary trend remains heavily bearish. MACD is negative (DIF -0.0086, DEA -0.0039, MACD -0.0047) — confirming bearish momentum. Supertrend 0.1818 is red and positioned significantly above the price — an additional signal of weakness. Volume of $30.66M confirms seller activity.
🎯 Trading Setup
Entry: 0.1660 – 0.1700
🛑 Stop-Loss
0.1760 (above EMA(7) 0.1748 + buffer)
📉 Take-Profits
🔴 TP1: 0.1620 — 24h low 0.1622
🔴 TP2: 0.1580 — below local minimum 0.1612
🔴 TP3: 0.1500 — extended target, approaching the 0.1450 zone
🔑 Key Levels
🔵 Bottom (0.1612): Local minimum / bounce level
🔴 Resistance (0.2478): Local peak / drop start level
🟢 Support (0.1622): 24-hour low
🎯 Entry Zone (0.1660–0.1700): Current zone / retest of EMA(7) 0.1748 from below
🛑 Stop-Loss (0.1760): Above EMA(7) with a buffer
⚠️ Disclaimer: This analysis is not financial advice. Trade at your own risk.
$MMT
🔴 DIRECTION: SHORT
📉 TREND: Pronounced downward trend. The price has crashed from 0.2478 (chart peak) to the current 0.1661 — a correction of ~33%. The price is trading below all key EMAs: EMA(7) 0.1748, EMA(25) 0.1903, EMA(99) 0.1880, EMA(200) 0.1812 — a full bearish stack. RSI(6) is at 15.80 — an extremely oversold zone that could trigger a short-term technical bounce, but the primary trend remains heavily bearish. MACD is negative (DIF -0.0086, DEA -0.0039, MACD -0.0047) — confirming bearish momentum. Supertrend 0.1818 is red and positioned significantly above the price — an additional signal of weakness. Volume of $30.66M confirms seller activity.
🎯 Trading Setup
Entry: 0.1660 – 0.1700
🛑 Stop-Loss
0.1760 (above EMA(7) 0.1748 + buffer)
📉 Take-Profits
🔴 TP1: 0.1620 — 24h low 0.1622
🔴 TP2: 0.1580 — below local minimum 0.1612
🔴 TP3: 0.1500 — extended target, approaching the 0.1450 zone
🔑 Key Levels
🔵 Bottom (0.1612): Local minimum / bounce level
🔴 Resistance (0.2478): Local peak / drop start level
🟢 Support (0.1622): 24-hour low
🎯 Entry Zone (0.1660–0.1700): Current zone / retest of EMA(7) 0.1748 from below
🛑 Stop-Loss (0.1760): Above EMA(7) with a buffer
⚠️ Disclaimer: This analysis is not financial advice. Trade at your own risk.
$MMT