MDT Analysis#
- The currency has experienced a strong price explosion upwards, followed by a rapid decline and a rebound in the same area, indicating high liquidity and the accumulation or liquidation of positions.
- Currently, we observe a retest of the previous demand area around 0.0178 after the significant rise, and there is high volatility and instability in the direction.
- The overall structure is still bearish, but the appearance of strong buying candles provides an opportunity for a temporary rebound upwards, provided that the last low is not broken.
Proposed future trade:
Direction: Buy (Long)
Entry: 0.0178 -0.0171
Target: 0.0210
Stop Loss: 0.0167
If the price returns to break the last low strongly or if there is massive selling liquidity, it is better to exit immediately. It is advisable to reduce the position size due to high volatility.
