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😴 Is $MMT ever going to pick a direction, or are we stuck here forever?
Look at this chop. It's been perfectly range-bound between roughly $0.363 and $0.387 for over a day now. Textbook accumulation/distribution range.
Right now, we are sitting just below the top of the range. The recent bounce off the low looks decent, but we need volume to break this ceiling.
If it can close a 1-hour candle and hold above $0.387, we could see a quick move up towards $0.395 and maybe higher.
However, if it rejects here and dips below $0.378 (the middle of the range), it's probably going back down to retest the bottom at 0.363. Patience is key with charts like this.
Are you playing the top and bottom, or waiting for the breakout?
#mmt #BuyTheDipOrWaitNow?