$MMT
/USDT SHORT TRADE SETUP
$MMT is trading at 0.2021, showing strong bearish momentum and a clear downtrend on the 15m chart. The price is currently trading below the 7-period Moving Average (MA(7) at 0.2020) and the 25-period Moving Average (MA(25) at 0.2027), confirming short-term selling pressure.
The recent price action shows a consistent pattern of lower highs, with the sellers maintaining control since the high of 0.2074. The rejection near the MA(25) suggests limited buying interest and a likely continuation towards the 24h Low.
Target Points
TP1: 0.2000 (Re-test of 24h Low and psychological level)
TP2: 0.1985 (Extension below the 24h Low)
TP3: 0.1950 (Next support zone)
Stop Loss
Set Stop Loss above the MA(25) and local swing high at 0.2040 to limit upside risk.
Sell and Trade here on $MMT