đȘ ASSET: $MMT /USDT (Binance)
đŽ DIRECTION: SHORT
đ TREND: Pronounced downward trend. The price has crashed from 0.2478 (chart peak) to the current 0.1661 â 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 â a full bearish stack. RSI(6) is at 15.80 â 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) â confirming bearish momentum. Supertrend 0.1818 is red and positioned significantly above the price â an additional signal of weakness. Volume of $30.66M confirms seller activity.
âđŻ Trading Setup
âEntry: 0.1660 â 0.1700
âđ Stop-Loss
â0.1760 (above EMA(7) 0.1748 + buffer)
âđ Take-Profits
âđŽ TP1: 0.1620 â 24h low 0.1622
âđŽ TP2: 0.1580 â below local minimum 0.1612
âđŽ TP3: 0.1500 â extended target, approaching the 0.1450 zone
âđ Key Levels
âđ” Bottom (0.1612): Local minimum / bounce level
âđŽ Resistance (0.2478): Local peak / drop start level
âđą Support (0.1622): 24-hour low
âđŻ Entry Zone (0.1660â0.1700): Current zone / retest of EMA(7) 0.1748 from below
âđ Stop-Loss (0.1760): Above EMA(7) with a buffer
ââ ïž Disclaimer: This analysis is not financial advice. Trade at your own risk.
â$MMT
đŽ DIRECTION: SHORT
đ TREND: Pronounced downward trend. The price has crashed from 0.2478 (chart peak) to the current 0.1661 â 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 â a full bearish stack. RSI(6) is at 15.80 â 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) â confirming bearish momentum. Supertrend 0.1818 is red and positioned significantly above the price â an additional signal of weakness. Volume of $30.66M confirms seller activity.
âđŻ Trading Setup
âEntry: 0.1660 â 0.1700
âđ Stop-Loss
â0.1760 (above EMA(7) 0.1748 + buffer)
âđ Take-Profits
âđŽ TP1: 0.1620 â 24h low 0.1622
âđŽ TP2: 0.1580 â below local minimum 0.1612
âđŽ TP3: 0.1500 â extended target, approaching the 0.1450 zone
âđ Key Levels
âđ” Bottom (0.1612): Local minimum / bounce level
âđŽ Resistance (0.2478): Local peak / drop start level
âđą Support (0.1622): 24-hour low
âđŻ Entry Zone (0.1660â0.1700): Current zone / retest of EMA(7) 0.1748 from below
âđ Stop-Loss (0.1760): Above EMA(7) with a buffer
ââ ïž Disclaimer: This analysis is not financial advice. Trade at your own risk.
â$MMT