MMT is coiling up for a potential breakout, and I'm keeping a close eye on the 0.1289 level - a sweep of this area could be the catalyst for a sharp move upwards. Technically, we're seeing a bullish structure play out on the higher time frames, with the Relative Strength Index (RSI) sitting at 34, indicating there's still plenty of room for upside. The On Balance Volume (OBV) and Fair Value Gap (FVG) are also forming a sandwich zone, which is a classic sign of accumulation.
On the charts, we can see that the price is currently hovering around 0.1222, with a clear zone of interest at 0.1289. If we can see a decent sweep of this level, I'm expecting a push towards 0.1332 and potentially even 0.1397. Here are the trade levels:
* Entry: 0.1289
* Take Profit 1: 0.1332 (RR 1.8x)
* Take Profit 2: 0.1397 (RR 4.6x)
* Stop Loss: 0.1266
The Smart Money Context (SMC) score is sitting at 6.8/10, which suggests that the big players are quietly accumulating $MMTUSDT. For those looking to get in on the action, keep an eye on 0.1289 and be ready to long if we see a sweep. Let's ride this wave, team!
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