Trading Plan Short $MMT
$MMT broke 0.1642 support and flushed, confirming distribution after a weak bounce.
Entry: $0.1670-$0.1710
Stoploss: $0.1795
Targets: $0.1585 / $0.1450 / $0.1280
MMT lost the 0.1642 swing low, a clear break of structure on the 1H. Retail longs are getting trapped from yesterday's low, thinking oversold bounce. Funding is negative and falling, shorts are aggressive. OI is up 6.78% on this dump, fresh supply coming in. This looks like a clean continuation after smart money distributed into the earlier strength. Reclaim $0.1795, short voided.
#BinanceSquareTalks
Trade $MMT here 👇
$MMT broke 0.1642 support and flushed, confirming distribution after a weak bounce.
Entry: $0.1670-$0.1710
Stoploss: $0.1795
Targets: $0.1585 / $0.1450 / $0.1280
MMT lost the 0.1642 swing low, a clear break of structure on the 1H. Retail longs are getting trapped from yesterday's low, thinking oversold bounce. Funding is negative and falling, shorts are aggressive. OI is up 6.78% on this dump, fresh supply coming in. This looks like a clean continuation after smart money distributed into the earlier strength. Reclaim $0.1795, short voided.
#BinanceSquareTalks
Trade $MMT here 👇