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Price Action & Technical Structure

• MDT surged 45% from $0.018 to $0.038, now consolidating at $0.030824

• Successfully broke above key EMAs (20, 50, 100-day) confirming structural breakout

• Currently testing critical support zone ($0.0277-$0.0293) after rally from rounded base pattern

• RSI reached overbought territory (>85), suggesting potential short-term pullback

Key Technical Levels
• Primary support: $0.0277-$0.0293 zone (previous resistance turned support)

• Major resistance: $0.0305-$0.0320 area (showing rejection patterns)

• Upside targets: $0.0635 (38.2% Fibonacci) and $0.0793 (50% Fibonacci)

• Narrowing Bollinger Bands indicate potential consolidation phase before next directional move

Trading Strategies
• Consider strategic entries on pullbacks to $0.0277-$0.0293 support with stops below $0.025

• Implement partial profit-taking approach at resistance zones

• Watch for bearish engulfing patterns near $0.0305 as short-term reversal signals

• Long-term sentiment remains bullish despite near-term exhaustion signs, supported by upward-sloping 200-day MA
$MDT

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#MarketTurbulence