$MMT Short Liquidation: $1.4943K at $0.23772
Short sellers were liquidated as MMT pushed through the $0.23772 level, where short positioning had built up during the prior consolidation. Price expanded cleanly into this liquidity pocket, triggering clustered stop losses and forcing rapid short covering. The move showed limited resistance, indicating buyers were positioned ahead of the breakout.
Entry (EP): $0.2355
Take Profit (TP): $0.2550
Stop Loss (SL): $0.2285
Market Outlook:
$MMT is showing short-term bullish continuation after clearing weak short exposure near resistance. As long as price holds above the liquidation zone, upside extension toward higher liquidity levels remains likely. Volatility is elevated following the squeeze stay patient and manage risk carefully if momentum begins to slow.
