$MMT TRADE SETUP
Direction : LONG
Entry Zone: $0.2280 – $0.2216 (Confirmed breakout above the Pivot level 'P').
Take Profit (TP) Targets:
TP-1: $0.254 (Major Fibonacci resistance level).
TP-2: $0.2744 (Local high resistance area).
TP-3: $0.2990 (Major supply zone and psychological target).
Critical Technical Summary
OI & Volume Insight: Chart indicates that the current trend is backed by "Huge OI" (Open Interest). When Open Interest increases alongside a rising price, it confirms that new buyers are entering the market, providing genuine fuel for the rally and validating the strength of the trend.
Trend Strength: On the 1-hour timeframe, Moving Averages are flashing a "Strong Buy" signal. This alignment significantly increases the probability and precision of the trade setup.
Breakout Confirmation: The price has successfully breached the $0.2273 resistance level (Pivot P). It is currently building momentum above this zone, transforming a previous ceiling into a new floor.
Pivot & Volume Profile (VAL) Recheck: My data analysis confirms that the Value Area Low (VAL) is currently acting as a rock-solid support floor. The price is holding firmly above the central Pivot line, which suggests the path of least resistance remains upward.