The ugly part of $MMT isn’t the -16.46% today. It’s the way volume is rising while price keeps bleeding. 😬
$2.67M traded, 1.3x its 20d average, and the 4h candle is down 15.7%. RSI sits at 15, but price is still below both the 20d and 50d MA. Oversold can stay oversold.
Longs are paying 0.005% funding. That’s not the setup I want to chase. Compared with $ETH, this is pure relative weakness.
At $0.12, I’d wait for buyers to defend the level before touching it. 👀 Would you enter here or wait for a retest?
#MMT #CryptoNews #Web3
$2.67M traded, 1.3x its 20d average, and the 4h candle is down 15.7%. RSI sits at 15, but price is still below both the 20d and 50d MA. Oversold can stay oversold.
Longs are paying 0.005% funding. That’s not the setup I want to chase. Compared with $ETH, this is pure relative weakness.
At $0.12, I’d wait for buyers to defend the level before touching it. 👀 Would you enter here or wait for a retest?
#MMT #CryptoNews #Web3