【$MMT Signal】Pullback to Long + 1H strong consolidation, waiting for a second upward push

$MMT The 1H timeframe experienced a massive surge yesterday and is currently consolidating strongly at a high level, with the price staying close above the EMA20 (0.1415), refusing a deep pullback. The 4H timeframe has confirmed a breakout from the previous consolidation zone, indicating a bullish trend. Under a negative funding rate environment (-0.0328%), open interest remains stable, suggesting that bears are still resisting, which sets the stage for a potential short squeeze. This is an excellent sniper window to wait for a pullback or a breakout confirmation.

🎯 Direction: Long (Long)

🎯 Entry/Orders:

- Aggressive traders: current price: 0.1445 - 0.1455 ( Reason: Close to 1H EMA20 support zone, with dense buy orders on the order book )

- Conservative traders: 0.1420 - 0.1430 ( Reason: Rebound to the middle of the 4H bullish candle and strong support at 1H EMA50 )

🛑 Stop loss: 0.1400 ( Reason: Break below yesterday’s key 4H pivot point 0.1411 and the lower end of the dense trading zone )

🚀 Target 1: 0.1490 ( Reason: Previous high resistance level and psychological round number )

🚀 Target 2: 0.1550 ( Reason: 4H Fibonacci extension at 1.618 of the upward wave )

🛡️ Trade management:

- Position size suggestion: Light position ( Reason: Significant rally within the day, extremely high volatility, risk control needed )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.1490 and stabilizes, consider raising the remaining target to 0.1620 (previous high).

Deep logic: A massive bullish candle appears on the 4H chart, which is a clear signal of main force entering. Although a volume reduction pullback followed, the price did not break below key support, indicating healthy rotation. The 1H RSI (59.84) is in a healthy, slightly strong zone, with room for further upward momentum. Market depth shows buy orders (0.1435-0.1440) are much thicker than sell orders (0.1451-0.1455), with a significant depth imbalance (14.97%), indicating strong support below. Coupled with the negative funding rate, once the price re-accelerates, it could trigger short covering and a squeeze.

View real-time market 👇 $MMT

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