🧊 “Frozen Momentum” — $MDT at Support: Breakdown or Rebound Incoming? 💯✅
$MDT is under pressure today, down nearly 14%, and now hovering just above a key local low at $0.02330. After falling from a recent high of $0.02767, the price is testing a crucial support area — but declining volume on the recent candles could suggest selling exhaustion is setting in.
🟢 Entry Zone
Buy Range: $0.0232 – $0.0240
This range sits near oversold conditions and aligns with the previous consolidation base — ideal for risk-managed positioning.
🎯 Upside Targets
Target 1: $0.0256 — near-term resistance and former breakdown level
Target 2: $0.0270 — recent swing high and volume congestion zone
Target 3: $0.0295 — breakout extension if momentum shifts bullish
🛑 Stop Loss
$0.0224 — clean invalidation below structural support; protects against deeper breakdowns.
📊 Key Technical Levels
Support: $0.0232 and $0.0224
Resistance: $0.0256 and $0.0270
Pivot: $0.0248 — watch for reactions here on lower timeframes
💡 Pro Tip
Watch for bullish volume divergence or reversal candles like a hammer on the 1H chart. $MDT has a history of explosive moves once momentum shifts. Great setup for quick scalps or tight swing trades if confirmation shows up.
Patience is key — if this support holds, $MDT could be setting up for a sharp rebound. Don’t force entries — let the chart show you strength first. 📉➡️📈
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