$MMT / USDT – Short Liquidation Surge
$MMT saw a short liquidation of $2.5217K at 0.26235 USDT, creating an immediate upward move as leveraged short positions were closed. The rapid exit of sellers generated short-term buying pressure, giving bulls temporary control and pushing the price higher in the market.
This liquidation points to a momentary reduction in bearish pressure, providing a potential boost for short-term bullish traders. Monitoring nearby resistance levels will be crucial to determine whether the momentum can sustain or if selling pressure may return.
Potential Entry Zone for Buyers:
0.26220 – 0.26240
Upside Targets:
• Target 1: 0.26300
• Target 2: 0.26350
• Extended Target: 0.26410
Protective Zone:
Stop-Loss: 0.26200
A dip below this level may indicate fading bullish momentum and the return of selling pressure.
Market Bias: Short-Term Bullish
With shorts cleared, $MMT faces immediate upward pressure. Price action near resistance levels will determine whether this bullish momentum can continue or the market consolidates.