🚨‼️‼️$MDX Today update🚨‼️‼️
is currently in a downward trend. If it breaks the strong support at $0.0518, it could drop to $0.04 or lower. Monitoring this could present opportunities for both short and long positions.
Market Overview
- Current Price: $0.05682
- 24-Hour Price Range: $0.02000 to $0.08970
- Trading Volume: 1.05 billion MDX tokens and 77.40 million USDT
Short-Term Outlook
Recent price action shows a decrease of 10.72%, indicating bearish sentiment on the 15-minute and 1-hour charts.
Long-Term Outlook
The 4-hour and daily charts suggest a recovery from lower levels, indicating potential for long-term bullish opportunities.
Trading Strategy
- Short Trades: Consider entering near $0.06418 with a target towards $0.02000.
- Long Trades**: Consider entering at current levels or above $0.06418, targeting a potential breakout towards $0.08970.
Always assess market conditions and employ risk management strategies before executing trades.
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