Technical Analysis for $MLN /USDT
Current Price: $22.18
24h Change: +9.21%
24h High: $22.19
24h Low: $19.49
SAR: $21.50 (indicating a potential trend reversal if the price drops below this level)
Technical Indicators:
Support Levels: $21.53, $21.50
Resistance Levels: $22.30, $22.50
Momentum: Bullish, with a positive 9.21% change and a close approach to 24h high ($22.19), indicating upward momentum. Volume is healthy, supporting continued movement.
Trade Signal:
Buy Signal: Enter if price holds above $21.50 (support level) with continued positive momentum.
Sell Signal: Watch for a drop below $21.50; if price breaks support, consider exiting or shorting.
Target Levels 🎯:
1. Target 1: $22.50 (First resistance level, next logical price point)
2. Target 2: $23.00 (Higher resistance, potential for a breakout)
3. Target 3: $24.00 (Psychological resistance, potential peak)
Trade Momentum:
Strong bullish momentum, supported by increased volume and close proximity to recent highs.
If price maintains above $21.50, the upward trend is likely to continue with targets at $22.50, $23.00, and potentially $24.00. Keep an eye on market volume and any significant price drops for possible reversals.
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