$MP USDT is trading near 38.70 after recovering from 37.75. Price has stabilized following a strong decline, but buyers still need to prove they can sustain the recovery.
The 15-minute chart shows a rebound followed by sideways consolidation around 38.51–38.80. This range is important: holding support could help buyers challenge 38.95, while resistance near 39.00–39.41 remains a hurdle.
If price breaks above 38.95 with confirmation, the recovery could extend. A drop below 38.51 would weaken the setup and bring the lower support zone back into focus.
Trade Setup:
Entry Zone: 38.55–38.72
Take Profit 1: 38.95
Take Profit 2: 39.30
Stop Loss: 38.35
Patience matters here. Wait for a confirmed move from consolidation, control position risk, and avoid emotional entries.
The 15-minute chart shows a rebound followed by sideways consolidation around 38.51–38.80. This range is important: holding support could help buyers challenge 38.95, while resistance near 39.00–39.41 remains a hurdle.
If price breaks above 38.95 with confirmation, the recovery could extend. A drop below 38.51 would weaken the setup and bring the lower support zone back into focus.
Trade Setup:
Entry Zone: 38.55–38.72
Take Profit 1: 38.95
Take Profit 2: 39.30
Stop Loss: 38.35
Patience matters here. Wait for a confirmed move from consolidation, control position risk, and avoid emotional entries.