$MDT
/USDT – Short-Term Bearish Setup After Sharp Pump
Trend & Setup:
Price spiked sharply from 0.02204 to 0.03920 in a vertical (parabolic) rally. After hitting the peak, sellers quickly stepped in, with strong red candles following. This is a classic post-pump retracement setup, where price often corrects before attempting another big move.
Chart Logic:
Sharp vertical surge → unsustainable without a pullback
Long upper wicks indicate strong selling pressure
Consecutive red candles confirm profit-taking
Nearest strong support lies well below the current price
Trade Plan (Short-Term):
Entry: 0.03350 – 0.03400 on a minor bounce
Stop Loss: 0.03550 (above the 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 the correction deepens
Probability of Profit:
High (~85%) for Target 1 due to strong selling pressure after the pump
Medium (~65%) for Target 3 as it depends on breaking the 0.03050 support
Note:
Avoid chasing the drop. Wait for a slight bounce toward the entry zone to minimize risk.