Summary
$MDT just printed a strong bullish breakout candle after days of slow drifting. Price bounced sharply from the 4H support around 0.01405, signaling renewed interest and early bullish momentum.
Chart Notes
• 24h Range: 0.01417 – 0.01940
• Major Recent High: 0.02462
• Trend: Neutral-to-bullish in the short term
• Volume: Big spike — clear sign of fresh demand
• Market Structure: Higher low formed at 0.01405; bulls pushing into mid-range resistance
Why the Move?
$MDT was consolidating tightly above the 0.0140 zone, building a base after a retracement from the explosive move to 0.02462. As soon as the 7MA and 25MA began compressing, buyers stepped in with a vertical candle, breaking above both moving averages and shifting momentum back to the upside.
Key Levels
• Support: 0.0145 – 0.0150 (must hold for bullish continuation)
• Immediate Resistance: 0.0185 – 0.0196
• Major Resistance: 0.0224 – 0.0246
• Breakout Trigger: Clean 4H close above 0.0196
Outlook
Short-term bias is bullish, supported by volume and strong candle structure. However, price is heading into heavy resistance zones where previous sell-offs started, so volatility may increase. A retest of 0.0155–0.0160 would be healthy before continuation.
Trading Idea (Not Financial Advice)
• Bulls: Look for retests of 0.0160–0.0165 or break-retest above 0.0196.
• Bears: Wait for wick rejections in the 0.0185–0.0196 range.
• Safer traders: Only flip fully bullish above 0.0196 with strong volume.
