$MLN
/USDT Technical Analysis & Trade Signal
Current Market Overview:
Price: 24.96 USDT
24h Change: +8.05% (bullish momentum)
Trend: Uptrend (strong buy interest)
Technical Indicators:
1. RSI (Relative Strength Index): Bullish, suggesting upward momentum but approaching overbought levels (keep monitoring).
2. Moving Averages: Price is above the 50 EMA and 200 EMA, confirming bullish strength.
3. MACD: Positive crossover with divergence increasing — indicating further potential upside.
4. Volume: Increased significantly (4.26M USDT), suggesting strong market interest.
Trade Signal:
Buy Zone: 23.50–24.50 USDT (current pullback is an entry opportunity).
Targets 🎯:
1. Target 1: 26.00 USDT (short-term resistance)
2. Target 2: 28.50 USDT (mid-term)
3. Target 3: 30.00 USDT (extended target if momentum holds)
Stop-Loss: 22.50 USDT (below 24h low to limit risk).
Momentum: Bullish — Supported by positive market depth and buying pressure. However, monitor key resistance levels and trading volume for reversals.
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