$MDT /USDT BEARISH BREAKDOWN – SLIDING TOWARDS LOWER SUPPORTS AS BEARS STRENGTHEN GRIP!
🔍 Current Price: $0.01637
📉 24h Change: -4.88%
📊 7D: -21.97% | 30D: -46.18% | 180D: -74.52%
🔎 Technical Analysis:
$MDT /USDT is under strong selling pressure, with consistent lower highs and lows. The price has failed to reclaim key resistance and is now trading around $0.01637, close to a fragile support level.
📌 Key Levels:
Resistance Levels:
$0.01700 – Minor resistance
$0.01736 – 24h High
$0.01800 – Strong swing resistance
Support Levels:
$0.01600 – Local support
$0.01579 – 24h Low and key level to hold
$0.01520 – Likely next stop if breakdown continues
📉 Trade Setup (SHORT):
Entry: $0.01630 – $0.01650
Target 1 (TP1): $0.01579
Target 2 (TP2): $0.01520
Stop Loss (SL): $0.01710
📌 Confirmation: Strong 15min or 1H candle close below $0.01600.
🌐 Market Outlook:
Trend is clearly bearish, and unless MDT breaks back above $0.0173 with volume, further downside is likely. Weak volume and poor price recovery indicate lack of bullish interest.
🛡️ Risk Management:
Limit risk to 1-2% per trade
Use Stop Loss without fail
Avoid overtrading in a choppy zone
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