🚨 $MDT
/USDT ALERT: Watch for Key Levels as Volatility Builds! 🚨
MDT is trading at $0.05674, down 2.27% in the past 24 hours. After reaching a recent high of $0.06185, MDT has retraced, suggesting a consolidation phase before its next significant move. The chart indicates potential opportunities for both bullish and bearish traders.
Key Levels to Watch:
Resistance 1: $0.05850 – A breakout above this level could confirm bullish momentum and target higher levels.
Support Zone: $0.05320 – Holding above this zone is crucial for avoiding a deeper pullback.
Immediate Target: If MDT maintains its current momentum, it could retest $0.05850 and aim higher.
🎯 Targets:
1. First Target: $0.05850 – Breaking this resistance could signal a recovery and increased bullish pressure.
2. Second Target: $0.06080 – Sustained momentum could push MDT closer to this zone.
3. Third Target: $0.06250 – Testing recent highs, this level could pave the way for an extended rally.
📌 Trade Setup:
Bullish Scenario: Enter above $0.05680 with targets at $0.05850, $0.06080, and $0.06250. Stop-loss: $0.05320.
Bearish Scenario: Short if price dips below $0.05320, targeting $0.05050 and $0.04800.
⚠️ Note: Monitor market conditions and volume for confirmation. Exercise tight risk management due to potential volatility.