🚀 #MLK/USDT – Double Bottom in Play? Bullish Momentum Ahead! 🔥

The $MLK/USDT chart on the 1-hour timeframe showcases a double bottom pattern, a strong bullish reversal indicator, signaling potential upside if the neckline breaks.

💰 CMP: $0.257 (+2.47%)

📊 Key Technical Highlights:

•Double Bottom Pattern:

•First bottom formed at $0.2277.

•Second bottom confirmed with a sharp bounce from the same level.

•Neckline: $0.2692 – A breakout above this level could propel MLK higher.

•ADX Trend: Strong trend (65.15), indicating a bullish momentum is building.

•RSI: Healthy at 44.2, room for further upside.

•Support Zone: $0.2277 – Key level to hold for a bullish continuation.

•Target Projection: Potential move toward $0.3500 post neckline breakout.

📈 Indicator Insights:

1️⃣ Fortune AI Indicator: Current position is bullish, aligned with the double bottom pattern.

2️⃣ MFI: Neutral (52.69) – Buyer activity gaining momentum.

3️⃣ Timeframe Trends:

•1-hour and daily bullish trends, supporting the reversal signal.

•15-min bearish – Possible short-term pullbacks.

🚨 Strategy Recommendations:

1️⃣ Look for a neckline breakout at $0.2692 to confirm the double bottom.

🛠 Tools Used: FortuneAI Trading Indicator – Advanced insights for identifying high-probability trade setups.

🌟 Will the double bottom pattern lead to a breakout? Drop your analysis below! 🚀