The chart for $MDT /USDT reflects a 14.19% gain, trading at $0.06744, after a sharp rally. Here's the breakdown:
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đ Market Highlights
1. Resistance Level: $0.07145 (recent high), a critical zone for further bullish momentum.
2. Support Zone: $0.06210 â a key area to watch for pullbacks.
3. MACD Indicator: Displays bullish momentum, but slight divergence suggests caution as momentum may slow.
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đ Trading Insights
For Long Positions: Consider re-entries near $0.06210 if it holds as support. A breakout above $0.07145 could trigger a push toward higher levels.
For Short Positions: A failure to sustain above $0.06210 could lead to a retracement toward $0.05777.
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⥠Market Sentiment
The momentum is strong, but resistance at $0.07145 could lead to consolidation. Keep an eye on volume and MACD crossover for confirmation of trend continuation.
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