MMT big dump 66.73%, buy the dip or run fast? The data tells you the truth!

MMT just experienced a "bloodbath", current price 0.6849, 24-hour big dump -66.73%, net outflow of funds $40,000, market sentiment completely collapsed!

Key Data Overview

Highest price: 2.2109 → Lowest price: 0.6800, almost an ankle chop!
Open interest: $17.59 million, but the funding rate is only 0.0046%, indicating weak bullish momentum.
Trading volume: 136,600, panic selling pressure is still ongoing.

technical signals

The BOLL channel has fully opened, the price has broken through the lower band, it is severely oversold but no rebound has been seen.
MACD death cross pointing down, green bars expanding, bears completely in control.
RSI is approaching an extremely low area, but the risk of "catching a falling knife" during a big dump is very high.

Main force trend
On November 5-6, multiple large transactions occurred, suspected to be concentrated selling by the main force, leading to a sudden decrease in short-term liquidity.

Operational Recommendations

Short-term: Do not blindly buy the dip, pay attention to whether the 0.6800 support is effectively broken.
Medium-term: If the rebound fails to break 0.8000, continue to look bearish until below 0.5000.

In summary: The trend has turned bad, preserving capital is the key!