$MMT just printed a strong exhaustion move after a sharp impulsive rally, with price struggling to hold above the intraday resistance zone…………

Buying momentum is clearly slowing down near the highs, and rejection from the upper range suggests profit-taking and potential mean reversion…………

As long as price remains below the recent top, downside pressure is likely to build and late longs may get trapped…………

Trade Setup

Entry: 0.2380 – 0.2450

Target 1: 0.2250

Target 2: 0.2120

Target 3: 0.2000

Stop Loss: 0.2610

MMT

--

--