$MDT Crucial Support Zone Holding: Breakout or Breakdown Next?
MDT surged massively earlier but now it’s testing a key demand area around $0.0365. With price forming lower highs, bulls need to defend this zone for a possible rebound toward recent resistance levels.
Trade Setup
Entry Zone: $0.0364 – $0.0370
Stop Loss: Below $0.0350
Targets:
• TP1: $0.0385 (mid-range bounce)
• TP2: $0.0400 (local resistance)
• TP3: $0.0425 (volume cluster zone)
Despite the intraday pullback, MDT remains well above its 24h low and is hovering near a high-volume support. Watch for a strong bullish candle above $0.0375 to confirm reversal strength. A breakdown below $0.0350, however, may signal short-term weakness. Keep risk tight.
