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$MDT BEARISH TECHNICAL ANALYSIS – STRONG REJECTION CONFIRMS SELLER DOMINANCE
$MDT has shown a sharp spike toward the 0.02000–0.02500 zone, but the chart now reflects clear signs of bearish pressure as the price gets rejected from the upper resistance. The formation of long rejection wicks and weakening momentum indicates exhaustion from buyers after the rapid climb.
The drop back below the mid-range level signals a shift in control toward sellers, while declining volume during upward attempts confirms that bullish strength is fading. As long as price remains below the rejected zone, a bearish correction remains the most probable move.
Targets (TP):
• TP1: 0.01650
• TP2: 0.01550
• TP3: 0.01450
Stop Loss (SL):
• Above the resistance zone near 0.02000 or above the recent swing high
Risk Management:
Focus on tight SL placement, avoid oversized positions, and enter only when your setup aligns with your risk plan.
#BearishSetup #MDTAnalysis #CryptoTA