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【$MMT Signal】Short squeeze structure established, pullback is an opportunity
$MMT 4-hour level volume breakout above the Bollinger upper band, RSI soaring to 82, buying pressure gaps but price remains firm. Open interest stable, funding rate at -0.98%, short positions have very high entry costs. 1-hour sideways consolidation at high levels, selling pressure quickly absorbed. Thick orders in the 0.1420-0.1415 range below, fully exposing the market’s support intent. The risk-reward ratio at this position is maximized, pullbacks are just giving away money.
🎯Direction: Long
⚡Entry/Orders: Enter in batches within the 0.1407 - 0.1413 range
🛑Stop-loss: 0.1353
🚀Target 1: 0.1655
🚀Target 2: 0.1776
🛡️Trading management:
- Execution strategy: Reduce 50% of positions after reaching Target 1, and move stop-loss to break-even. If price falls back into the entry zone, exit automatically to protect principal.
In a negative fee environment, prices refuse to fall, a typical short squeeze fuel. MACD histogram continues to expand on the 4-hour level, bullish momentum remains strong. Market depth shows buy orders far exceeding sell orders below 0.142, and short covering will generate additional upward pressure. Under this structure, the probability of a deep correction is lower than direct upward squeezing.
View real-time market 👇 $MMT
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