MDX HIGHLY RISKY SETUP!

Mdx lost around %99 of its value in a year from its all time high.

Its losing its value for 6 months in a row.

Right now, a falling wedge type of pattern is forming and RSI is near oversold area.

This may mean a reversal can come.

But the main problem here is FED.

FED increasing interest rates cause money outflow from risky markets and this kinds of unknown coins bleed a lot.

This is not a high volume asset. Meaning there is no interest in this asset. Therefore buying this, even after losing around %99 of it value, consist high amount of risk.

For the long term i can invest %1 of my portfolio when FED stop increasing rates, if price is still around here.

Setup looks like there could be a dead cat bounce type of actions in the near future but i will sit this one out since FED is real.

Thanks.
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