$MDT

/USDT Technical Analysis & Trade Signals

Current Status:

Price: $0.06983 (+8.75%)

Momentum: Bullish, but cooling after hitting $0.085 resistance.

Key Indicators:

RSI (Relative Strength Index): Near overbought territory (~70), indicating potential for short-term correction.

Moving Averages:

20 EMA: $0.068 (acting as support).

50 EMA: $0.065 (next strong support).

MACD: Bullish crossover, signaling upward momentum.

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Trade Signals:

1. Entry Point:

Aggressive Buy: $0.069 (current price) for short-term scalping.

Safe Buy: $0.065 - $0.067 on pullback to EMA support levels.

2. Target 🎯 Levels:

Target 1: $0.075 (short-term).

Target 2: $0.080 (mid-term).

Target 3: $0.085 (major resistance level).

3. Stop-Loss:

Set at $0.063 (below 50 EMA) to manage downside risk.

Momentum Outlook:

Bullish Bias: Strong volume supports further upward moves, but watch for a pullback.

Caution: Break below $0.063 signals bearish reversal.

Strategy: Monitor trading volume and price action near resistance levels for breakout confirmation. Adjust targets based on market strength.

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