That green 24h number is a trap.
$MDX pumped 13% on fumes — zero futures open interest, zero funding, just thin spot action painting a bounce. Price is already rolling over inside a 4H downtrend that has printed 9 red candles out of the last 12.
The dead-cat bounce tagged $0.038 and got rejected hard. Now it’s drifting back toward the only level that matters — the intraday volume pocket where shorts reload.
The Trade — SHORT (Swing 1D):
Entry $0.035190 | SL $0.038005 | TP $0.029560 | 3-5x Cross max
That’s a sell-limit resting into the underside of the prior consolidation — a level the market used as support last week and should now respect as resistance. 2.0:1 R:R, and the invalidation is clean.
Size it so a full stop-out costs no more than 1-2% of your account. This idea is dead if a daily candle closes above $0.038005.
Tap $MDX to pull up the chart, set the limit, and walk away.
The EMA7 on the daily is still sloping down, and the RSI hasn’t even sniffed neutral. Until that changes, bounces are for selling — not for chasing.
I’ll post the exact update the moment this triggers or invalidates, not a vague ‘I told you so’ — follow so you catch it.
LONG or SHORT $MDX here? 👇
⚠️ Not financial advice. DYOR.
#MDX #Crypto #BinanceSquare