Volume on the last closed 15m candle ran 4.03x its 20-candle average. Price is down 7.96% on the day.
Sellers are the ones showing up. MMT sits at 8.4% of its 1h range, with the EMA stack bearish on 15m, 1h and 4h. The daily is the only frame still stacked bullish (9>21>50), and the daily is always the last to admit it is wrong.
0.1828 is where $MMT is decided - 70 measured touches on the 4h. Hold it and the 4.03x reads as absorption. Lose it and the next real shelf is 0.1748, tested 87 times.
The uncomfortable part: 4.03x volume did not lift price. Participation arrived and took the offer. Above, the volume point of control sits at 0.2033 and the 0.20383 shelf has 77 touches. That is the supply this has to climb back through.
Against the majors this is relative weakness. Rotation into a -7.96% alt usually follows a bid in $BTC and $SOL, not the other way round.
Do you want the 4.03x spike, or do you want 0.1828 to prove itself first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.
Sellers are the ones showing up. MMT sits at 8.4% of its 1h range, with the EMA stack bearish on 15m, 1h and 4h. The daily is the only frame still stacked bullish (9>21>50), and the daily is always the last to admit it is wrong.
0.1828 is where $MMT is decided - 70 measured touches on the 4h. Hold it and the 4.03x reads as absorption. Lose it and the next real shelf is 0.1748, tested 87 times.
The uncomfortable part: 4.03x volume did not lift price. Participation arrived and took the offer. Above, the volume point of control sits at 0.2033 and the 0.20383 shelf has 77 touches. That is the supply this has to climb back through.
Against the majors this is relative weakness. Rotation into a -7.96% alt usually follows a bid in $BTC and $SOL, not the other way round.
Do you want the 4.03x spike, or do you want 0.1828 to prove itself first?
#MarketSentimentToday #WhaleMovements
Analysis, not financial advice.