$MDT /USDT – Short-Term Bearish Setup After Sharp Pump
Trend & Setup:
Price made a huge spike from 0.02204 to 0.03920, showing a vertical rally (parabolic move). After hitting the peak, sellers stepped in, and strong red candles followed. This is a post-pump retracement setup where the price often corrects before the next big move.
Chart Logic:
Sharp vertical move → unsustainable without a pullback
Long upper wicks show selling pressure
Consecutive red candles confirm profit-taking
Support zone is much lower than the current price
Trade Plan (Short-Term):
Entry: 0.03350 – 0.03400 on a small bounce
Stop Loss: 0.03550 (above last swing high zone)
Target 1: 0.03050
Target 2: 0.02880
Target 3: 0.02750
Risk-Reward:
Target 1 → ~2:1
Target 3 → ~4:1 if correction extends
Probability of Profit:
High for Target 1 (~85%) due to strong selling after the pump
Medium for Target 3 (~,65%) as it depends on breaking the 0.03050 support
Note:
Avoid chasing the move. Wait for a small bounce toward the entry zone to reduce risk.
