$MDT Breakout Brewing or Fakeout Trap?
MDT is currently trading at $0.02849, showing signs of a potential breakout after reclaiming a key intraday level. A sharp spike in volume suggests fresh interest from buyers—but resistance is still in play. The next few candles will reveal if this move has real legs or not.
Key Levels to Watch:
• Resistance Zone: $0.02890
A breakout above this level could ignite a rally toward $0.02950 and $0.03030.
• Support Zone: $0.02750
A drop below this may lead to a pullback toward $0.02700 or even $0.02630.
Trade Setup:
Bullish Entry: Above $0.02890
• Target 1: $0.02950
• Target 2: $0.03030
Bearish Entry: Below $0.02750
• Target 1: $0.02700
• Target 2: $0.02630
Conclusion:
Volume is surging, and MDT is knocking on resistance. Watch closely—momentum could shift fast.