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$MMT 1H: Smart Money Accumulating After the Crash โ Recovery Rally or Bull Trap?
โฐ Timeframe: 1H
๐ Market Bias: Neutral โ Cautiously Bullish
$MMT experienced a sharp liquidation after peaking near 0.4667, then stabilized around 0.1864. Price has now reclaimed the MA(99) and is attempting to build a higher base, but it still trades below the MA(25), so full bullish confirmation is pending.
๐ฏ Trade Setup
Trade: LONG (Confirmation Preferred)
Entry Zone: 0.2020 โ 0.2060
Stop Loss: 0.1940
TP1: 0.2200
TP2: 0.2350
TP3: 0.2550
Risk:Reward: โ 1:2.6
Trade Invalidation: A confirmed 1H close below 0.1940 invalidates the bullish recovery setup.
๐ Technical Analysis
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Price Action: Strong sell-off followed by sideways accumulation and a modest recovery.
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Market Structure: Base formation is developing, but the overall trend has not fully reversed.
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Support: 0.1980โ0.1940
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Resistance: 0.2200, 0.2350, 0.2550
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Moving Averages: Price is holding above MA(99) while testing MA(25). A successful reclaim of MA(25) would strengthen bullish momentum.
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Volume: The initial spike came with exceptionally high volume, while current volume has normalized, indicating reduced selling pressure but requiring fresh buying for continuation.
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SMC: The crash likely swept sell-side liquidity. Current consolidation suggests possible institutional accumulation before the next directional move.
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Order Block: Nearest bullish demand sits around 0.1950โ0.2020.
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FVG: The impulsive decline left overhead imbalances that may act as magnet zones if momentum improves.
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