MDT market overview and strategy deployment
Market analysis:
The current MDT market shows a strong bullish trend, and the 1-hour, 2-hour and 4-hour charts all clearly point to the bullish camp. Today's key price focuses on 0.03975, which will become the focus of the market's long and short battles.
Strategy deployment:
Upward path:
Position suggestion: If the MDT price remains above 0.03973 and the market shows signs of the end of the correction, this will be a signal to continue to be bullish.
Target setting: After confirming that the correction is complete, MDT can be expected to challenge 0.04240 and higher resistance levels of 0.04515.
Short selling opportunities:
Trigger conditions: If MDT fails to effectively break through the key resistance level of 0.03975, it may indicate that a short-term top has formed and short selling opportunities have emerged.
Support level reference: When considering short selling, pay attention to the support levels below 0.04024 (short-term support), 0.03995 (further support) and 0.03504 (strong support). These positions may provide a reference for short entry or stop loss setting.
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