MDT/USDT Breakout alert!! This is bullish momentum for the move!💎 Paradisers, MDT is indeed displaying intriguing movements that demand close attention.
💎 The successful breakout from the descending channel is certainly a bullish signal for the movement. With the price already retesting the trendline, it appears poised for further upward movement towards the next target, which lies within the supply area of 0.09 to 0.0967.
💎 A successful breakout above this supply zone would confirm MDT's return to a bullish trend, potentially leading to significant upward momentum towards our target strong resistance area.
💎 However, if MDT fails to sustain above the supply area and experiences a strong rejection indicated by a bearish candle, there's a possibility of a retracement back to the downside.
💎 In such a scenario, the price could revisit the demand area and even potentially drop to the strong support area around 0.0555.
💎 When MDT reaches the strong support area, it's crucial for it to bounce back and resume its upward trajectory in order to make another attempt at breaking the resistance. Considering MDT's history of bouncing off key support levels, there's a chance it could repeat this pattern and move back towards the upside.
💎 It's important to remain vigilant and monitor MDT's price action closely. A breakdown below the demand area, confirmed by a daily candle close below it, would invalidate the bullish scenario and could lead to further downward movement.
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