Sharp Rejection at Peak , $MMT Showing Clear Bearish Setup for Short Opportunity

Trade Setup:

Entry: 0.1435 – 0.1450

Stop Loss: 0.1595

Take Profit 1: 0.1330

Take Profit 2: 0.1200

Take Profit 3: 0.1100

MMT has faced strong rejection from the 0.1590–0.1600 resistance zone after a sharp bullish spike. The price is now forming lower highs with multiple bearish candles, indicating weakening momentum and potential trend reversal.

As long as price remains below the recent high and resistance zone, further downside continuation is likely. This setup favors short positions with a solid risk-to-reward ratio.

$MMT

MMT
MMTUSDT
0.1206
-2.74%