$MMT The 4-hour chart is stuck in a range, but the 1-hour chart shows a bearish opportunity. The 1-hour Relative Strength Index is cooling off from overbought levels, indicating that momentum is shifting downward. A break below the current hourly support near 0.2219 could lead to a sharp move toward the daily range lows. The catalyst is a drop in the 15-minute Relative Strength Index below 50, indicating that immediate selling pressure is increasing. Entering a short position at this break for a quick trip down.
Current practical setup (short)
Entry: market at 0.220459 – 0.223318
TP1: 0.213311
TP2: 0.210452
TP3: 0.204734
0.230465: stop loss
MMT
0.2229
+8.57%