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What if the latest rejection was the warning sign bears were waiting for?
$MMT is starting to show weakness after facing strong selling pressure near the $0.212 resistance zone. Buyers managed to push the price higher, but sellers quickly stepped in and took back control.
The recent rejection points to the possibility of a deeper pullback if bearish momentum continues to build.
Trade Setup
• Entry: Current Zone
• Stop Loss: $0.2120
• Target 1: $0.1700
• Target 2: $0.1620
• Final Target: $0.1550
Market View
Price has struggled to break through a key resistance area, and the latest reaction suggests sellers remain active at higher levels. If downside pressure continues, MMT could move toward lower support zones in the sessions ahead.
Bias: Bearish
Setup: Short Trade
The recent rejection has shifted attention to the downside, with bears looking for a continuation toward the target levels.
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