$MDT Showing bullish momentum again but volume is weak. Here's an analysis on the current state and strategy to make some profit Inshaallah.
MDT/USDT Technical Overview
- Current Price: $0.01679
- Trend: Short-term bullish with signs of consolidation
- Indicators:
- RSI (6): 72.74 — overbought zone, suggesting caution for new entries
- MACD: Mild bullish momentum, histogram positive but not accelerating
- Moving Averages: Price is above MA(7), MA(25), and MA(99), indicating strength
- Volume: Slightly below 5-period average, suggesting momentum needs confirmation
Trade Strategy
MDT is currently trading near the upper boundary of recent resistance zones. Given the RSI saturation and modest volume, a short pullback is likely before any breakout.
-Ideal Buy Zone: Between $0.01580 and $0.01610, where previous support and MA(25) converge. This offers a safer re-entry if price cools.
- Ideal Sell Zone: Around $0.01770 to $0.01830, aligning with R3 pivot resistance and psychological round levels.
- Stop Loss: A disciplined stop around $0.01540, just below recent support and MA(25), to protect against breakdown.
Insight:
With pivot-based strategy and charting precision, this setup offers a clean scalping or swing opportunity. Watch for volume confirmation and RSI reset before re-entry. If MDT breaks above $0.0185 with strength, the $0.02 target becomes technically viable.
DYOR, Inshaallah we will make profit with MDT.
