📊 $MMT Technical Analysis & Setup
An 8.7x volume spike on a -15.2% flush signals heavy distribution rather than a durable bottom, especially with higher timeframes and BTC aligned lower.
• Key Support / Demand: 0.0975, with continuation targets at 0.0930 and 0.0890
• Resistance / Supply Targets: 0.1014, 0.1050, and a potential squeeze tag up to 0.1072
• Trigger / Confirmation: Look for shorts on a rejection at 0.1014-0.1050 after a lower-timeframe shift or engulfing candle, avoiding counter-trend longs while funding remains positive and taker flow leans sell
• Risk / Invalidation: A 1h candle close above 0.1180, which flips the structural bias
• Market Execution: Manage position sizing carefully against broader market volatility and liquidity shifts
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #MMT #Trading
$BTC
An 8.7x volume spike on a -15.2% flush signals heavy distribution rather than a durable bottom, especially with higher timeframes and BTC aligned lower.
• Key Support / Demand: 0.0975, with continuation targets at 0.0930 and 0.0890
• Resistance / Supply Targets: 0.1014, 0.1050, and a potential squeeze tag up to 0.1072
• Trigger / Confirmation: Look for shorts on a rejection at 0.1014-0.1050 after a lower-timeframe shift or engulfing candle, avoiding counter-trend longs while funding remains positive and taker flow leans sell
• Risk / Invalidation: A 1h candle close above 0.1180, which flips the structural bias
• Market Execution: Manage position sizing carefully against broader market volatility and liquidity shifts
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #MMT #Trading
$BTC
