๐ STEADY RECOVERY: $MMT / USDT GAINS +7%, SHOWS STRONG ACCUMULATION! ๐
$MMT is building a steady recovery, up +7% to 0.2017 with a strong 84% volume increase (281M vs 152M MA5). Despite being in a long-term downtrend, this move is backed by solid accumulation signals: bullish sentiment, high open long positions, and rising volume. The RSI(14) at a mere 16.48 indicates this coin was deeply oversold, making this bounce technically justified.
๐ ๏ธ ACCUMULATION & RECOVERY SIGNALS:
ยท Volume-Backed Move: Volume surge confirms real buying interest at these levels.
ยท Strong Holder Conviction: 63.84% of OPEN POSITIONS are LONG (L.S. Posit.: 1.77) โ holders are not selling.
ยท Bullish Sentiment: L.S. Ratio is 1.22 (54.91% Longs) supporting the uptick.
ยท Extreme Oversold Bounce: RSI(14) at 16.5 is HIGHLY OVERSOLD โ a bounce is almost mathematically required.
This is a classic accumulation and relief rally play after a severe downtrend. The foundation is being built for a larger move.
๐ฏ FORECAST: LONG ENTRY (Relief Rally & Accumulation Play)
We are targeting a continuation of this oversold bounce. The immediate goal is to reclaim the 0.212 level, with higher targets beyond.
ยท Entry Zone: 0.1980 - 0.2030 (Current levels / minor dip)
ยท Ideal Confirmation: A 1H candle close above 0.2080.
ยท Take Profit 1: 0.2420 (Initial Fib target)
ยท Take Profit 2: 0.3802 - 0.4949 (Major resistance areas)
ยท Stop Loss: 0.1900 (Below recent swing low)
โ ๏ธ Reality Check:
The long-term trend is still severely bearish.The daily MACD is negative but trying to turn. This is a swing trade within a potential bottoming process, not a trend reversal confirmation yet. Most trades (65.65%) are buys, showing retail is jumping in on the bounce.
The most powerful rallies start from the most oversold conditions. The volume and sentiment suggest this isn't just a dead cat bounce, but structured buying.
Trade $MMT / USDT Now! Follow for Oversold Recovery Alerts! ๐โ
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