$MDT /USDT Short-Term Bearish Setup After Parabolic Pump!
$MDT exploded from 0.02204 → 0.03920 in a vertical spike a move that’s rarely sustainable without a correction. After hitting the peak, sellers came in hard with strong red candles, signaling profit-taking mode.
Chart Logic Breakdown:
✔ Parabolic move temporary big rallies often retrace.
✔ Long upper wicks selling pressure bulls losing steam.
✔ Consecutive red candles bearish confirmation.
✔ Support lies much lower than current price.
Trade Plan (Short-Term):
🔹 Entry: 0.03350 0.03400 (wait for a small bounce)
🔹 Stop Loss: 0.03550 (above last swing high)
🔹 Targets:
T1: 0.03050
T2: 0.02880
T3: 0.02750
Risk-Reward:
📊 T1 = ~2:1 | T3 = ~4:1 if the drop extends.
Probability:
✅ T1: ~85% (high confidence)
✅ T3: ~65% (depends on breaking key support).
Pro Tip: Don’t chase the move wait for a small bounce to minimize risk.
