$MDT /USDT BEARISH PRESSURE BUILDING – BREAKDOWN THREAT LOOMS ⚠️📉
$MDT is struggling to recover, trading at $0.01639, down -3.81% on the day. Despite minor intraday bounce attempts, price remains below key resistance, hinting at further downside potential unless strong buying steps in. ❄️
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🔍 KEY TECHNICAL LEVELS:
Current Price: $0.01639
Immediate Resistance: $0.01660–$0.01670 🔼
Major Resistance Zone: $0.01736 (24h high)
Support 1: $0.01600 🛡️
Support 2: $0.01579 (24h low)
Lower highs and rejection near $0.01670 indicate bears still control the short-term trend. A breakdown below $0.01600 could accelerate selling pressure.
🎯 TRADE SETUP – SHORT ENTRY IDEA:
Entry Zone: $0.01645–$0.01660 ❌
Take Profit Targets:
TP1: $0.01600
TP2: $0.01550
Stop Loss: $0.01675 ❌
Ideal for short setups: enter near resistance with rejection confirmation or breakdown of $0.01600. Use lower timeframes (15m–1h) for precise entry.
🛡️ RISK MANAGEMENT:
Limit risk to 1–2% per trade. Stick to the SL strictly, as sudden reversals can occur in low-cap tokens. Preserve capital, stay sharp! 🔒📉
MDT SHOWS BEARISH WEAKNESS – TRADE WITH CAUTION OR SHORT THE SPIKES! 🐻⚠️
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