This spike was purely impulsive, and the reaction after says a lot.🔥💯

$MMT expanded aggressively, tagged liquidity highs, then failed to hold elevation. The pullback isn’t shallow — it’s showing rejection and loss of momentum, suggesting distribution rather than continuation.

After a vertical move like this, fading strength is favored over catching bottoms.

Trade Setup

Short Entry: 0.232 – 0.236

Target 1: 0.222

Target 2: 0.212

Target 3: 0.200

Stop Loss: 0.242

Invalidation / Long Outlook

Bearish bias holds while price stays below the rejection zone. A strong reclaim and acceptance above it would invalidate the short and shift bias back to continuation.

MMTSui
MMTUSDT
0.2169
+5.49%