$MMT Today’s new high +7.41% — this wave of longs isn’t over yet!
I just saw MMT’s daily chart pierce a new high: +7.41% isn’t particularly violent, but the key point is—this is today’s new high, not just a rebound; it’s a breakout upward.
Looking at the last 1 hour, the four 15-minute candles: the high has been lifted from 0.1901 all the way to 0.1913, and the low has also been moved up from 0.1887 to 0.1897. The closes are all above 0.189. It’s basically grinding higher step by step—no chance given to the shorts.
The 4-hour chart is holding up too: open at 0.185, close at 0.191, with a high of 0.1913—up 3.24%. The short-term structure hasn’t been broken.
Some people will say volume is down 39%, and that the last 2 hours’ trading is lower than the first 2 hours’. But I don’t think that’s a bad thing. It suggests nobody is in a hurry to dump at this level. The float is being held tightly; pushing upward on lighter volume is actually easier.
The crucial level is 0.188—if it holds, this is still the longs’ arena. For the upside target, first look at 0.1924, which is the prior resistance zone. Only once it breaks will the space truly open up.
Of course, if price breaks down below 0.1845, then for the short term the long thesis should be pulled back first. This isn’t a guarantee of gains—it just means the probabilities are leaning this way.
With this setup, I’m standing with the longs now.
$MMT #MMT #Go long
I just saw MMT’s daily chart pierce a new high: +7.41% isn’t particularly violent, but the key point is—this is today’s new high, not just a rebound; it’s a breakout upward.
Looking at the last 1 hour, the four 15-minute candles: the high has been lifted from 0.1901 all the way to 0.1913, and the low has also been moved up from 0.1887 to 0.1897. The closes are all above 0.189. It’s basically grinding higher step by step—no chance given to the shorts.
The 4-hour chart is holding up too: open at 0.185, close at 0.191, with a high of 0.1913—up 3.24%. The short-term structure hasn’t been broken.
Some people will say volume is down 39%, and that the last 2 hours’ trading is lower than the first 2 hours’. But I don’t think that’s a bad thing. It suggests nobody is in a hurry to dump at this level. The float is being held tightly; pushing upward on lighter volume is actually easier.
The crucial level is 0.188—if it holds, this is still the longs’ arena. For the upside target, first look at 0.1924, which is the prior resistance zone. Only once it breaks will the space truly open up.
Of course, if price breaks down below 0.1845, then for the short term the long thesis should be pulled back first. This isn’t a guarantee of gains—it just means the probabilities are leaning this way.
With this setup, I’m standing with the longs now.
$MMT #MMT #Go long
