【$MMT Signal】Pullback to Long/Short Squeeze Structure

$MMT After a massive surge on the 1H timeframe, the price consolidates at high levels, RSI spikes to 91, indicating a buy order gap, with heavy selling pressure above. The 4H price has already broken out of the upper Bollinger Band, MACD histogram continues to expand, but on the 1H timeframe, the histogram begins to contract, indicating waning momentum. Market depth shows a very thick buy wall, but there is a clear accumulation of sell orders above 0.146, creating resistance.

🎯Direction: Watch (Pullback Pending Orders)

⚡Entry/Pending Orders: 0.1207 - 0.1238 range for accumulation

🛑Stop Loss: 0.1168

🚀Target 1: 0.1517

🚀Target 2: 0.1656

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Funding rate is as low as -1.64%, and open interest remains stable, which is a typical squeeze trap. Currently, the price is far from the 1-hour moving average, making chasing high very risky. Be patient and wait for the price to pull back to the optimal entry zone of 0.1207-0.1238. This area is a previous breakout cluster and a potential support at the 1-hour EMA20. Risk-reward ratio is 4:1, making this setup worth waiting for.

Check real-time market 👇 $MMT
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