$MMT /USDT BEARISH CONTINUATION — SELLERS STILL IN CONTROL 📉
MMT/USDT is showing bearish continuation signals as price keeps getting rejected from the 0.256–0.257 resistance zone. Despite minor intraday bounces, the market structure remains weak with lower highs and sustained selling pressure, indicating that bears are still dominating and a deeper pullback is likely before any healthy reversal.
📊 Trade Setup (Short Position)
Entry (Short): 0.2500 – 0.2530
Target 1 (TP1): 0.2450
Target 2 (TP2): 0.2380
Target 3 (TP3): 0.2300
Stop Loss (SL): 0.2590 (Above key resistance)
🔍 Technical Reasoning
Price is trading below key resistance and failing to sustain bullish momentum
EMAs & trend structure indicate downside pressure
Recent bounce lacks volume strength → weak buyer interest
Breakdown below 0.247 support can accelerate selling
🌍 Market Outlook
Overall sentiment remains cautiously bearish. Unless MMT/USDT reclaims and holds above 0.257, rallies are likely to be sold into. Short-term traders should focus on selling pullbacks, while bulls should wait for strong confirmation before entering.