MMT: DON'T LET THE BOUNCE TRICK THE MARKET
MMT is experiencing a slight bounce after a sharp decline, but this is not yet a reversal signal — it resembles more of a technical bounce in a downtrend.
Technical perspective:
• EMA7 is still below EMA25, the downtrend structure has not been broken.
• MACD remains below the signal line, momentum is very weak.
• RSI (6–12–24) are all below 50, indicating that buyers have not regained control.
• Price is stuck below strong resistance, bouncing but without supporting volume.
Notable points:
• Recent green moves are mainly short-covering / technical bounces, not new money inflow.
• When the bounce weakens, price can easily continue sliding towards old lows.
Reference strategy:
• With the current structure, prioritize SHORT positions when the price bounces rather than trying to catch the bottom.
• Should only change perspective if MMT clearly breaks above EMA25 with large volume — this has not happened yet.
📉 The main trend is still DOWN.
📌 These bounces are suitable for the $MMT short setup, not for FOMO buying.
👉 Are you guys looking at MMT for a continued short scenario or waiting for a new trend break? Comment to share your perspective.
MMT is experiencing a slight bounce after a sharp decline, but this is not yet a reversal signal — it resembles more of a technical bounce in a downtrend.
Technical perspective:
• EMA7 is still below EMA25, the downtrend structure has not been broken.
• MACD remains below the signal line, momentum is very weak.
• RSI (6–12–24) are all below 50, indicating that buyers have not regained control.
• Price is stuck below strong resistance, bouncing but without supporting volume.
Notable points:
• Recent green moves are mainly short-covering / technical bounces, not new money inflow.
• When the bounce weakens, price can easily continue sliding towards old lows.
Reference strategy:
• With the current structure, prioritize SHORT positions when the price bounces rather than trying to catch the bottom.
• Should only change perspective if MMT clearly breaks above EMA25 with large volume — this has not happened yet.
📉 The main trend is still DOWN.
📌 These bounces are suitable for the $MMT short setup, not for FOMO buying.
👉 Are you guys looking at MMT for a continued short scenario or waiting for a new trend break? Comment to share your perspective.