$MMT /USDT — BEARISH BREAKDOWN IMMINENT
$MMT has failed to reclaim meaningful upside, trading below its 25-period MA and just barely holding above the 99-period MA — a classic sign of weakening bullish conviction. With sellers likely to defend the 0.236-0.238 zone, we expect a breakdown toward the 0.221 support area before any relief rally.
🧭 Trade Setup
Entry Zone (Short): 0.2340 – 0.2380
Take Profit 1: 0.2250
Take Profit 2: 0.2180 – 0.2200
Stop Loss: 0.2550 (above 24h high)
Short-Term Market Outlook:
Momentum is fading — the 25-period MA is acting as overhead resistance, and the 7-period MA is flattening out. Unless bulls push price back above 0.245 – 0.250 with conviction, the path of least resistance remains downward. A break below 0.221 would likely open a slide toward 0.200.
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Buy and Trade Here $MMT
