$MMT (MMTUSDT) today suffered a heavy blow, with a decline of -13.15%, current price $0.2271.
Many traders rushed to buy the dip when the RSI dropped to 22.4 (oversold), but HangSing's quantitative system on-chain data reveals significant risks:
📊 Quantitative data does not lie:
Extremely crowded longs: The 'long-short position ratio' is as high as 1.94! This means that 66% of retail investors are going long. In a downward trend, such crowded longs often serve as fuel for the market makers to continue pushing prices down (as long as the longs do not die, the downtrend does not stop).
Moving average bearish arrangement: Although some bottom divergence signals have appeared, the overall moving average system (MA) remains in a bearish arrangement, exerting strong pressure.
Active Buy-Sell Ratio: The active buy-sell volume ratio is 0.96, with sellers still dominating and the rebound lacking volume support.
🤖 HangSing AI Signal:
Direction: Short
Signal Strength: 60.40%
Strategy Suggestion: Although there is currently a 'Morning Star' formation, the technical aspect is extremely weak. Before the bullish crowd eases, blindly guessing the bottom has a poor risk-reward ratio. It is recommended to follow the trend and be wary of false signals.
Data is more reliable than intuition. For more real-time monitoring, please follow HangSing.
