$MDT /USDT – Short-Term Bearish Setup After Sharp Pump

Current Market Overview:

MDT has experienced a significant surge from $0.022 to $0.039, marking a nearly 80% intraday increase. This parabolic rally was followed by a series of strong red candles, indicating that sellers have begun to take control. The price is now showing signs of a potential retracement, which is typical after such sharp upward movements.

Trade Plan (Short-Term):

Entry: Consider entering a short position around $0.035 to $0.036, anticipating a minor bounce before the price resumes its downward trajectory.

Stop Loss: Place the stop loss at $0.03550, just above the recent swing high, to protect against potential reversals.

Target 1: Set the first target at $0.032, aligning with previous support levels.

Target 2: Aim for the second target at $0.030, where additional support is expected.

Target 3: Consider a third target around $0.028, depending on market momentum.

Risk-Reward:

Target 1: Approximately 2.5x reward compared to the risk.

Target 3: Approximately 5x reward if the correction extends further.

Probability of Profit:

Target 1: High probability (~70%) due to strong selling pressure following the pump.

Target 3: Medium probability (~50%) as it depends on breaking the $0.030 support without bouncing back.

Note: Avoid chasing the move. Wait for a small bounce toward the entry zone to reduce risk.