$MLN /USDT Technical Analysis & Trade Signal
Current Price: $22.75 (+0.80% change)
Key Levels:
Support: $21.60 (24h Low)
Resistance: $24.65 (24h High)
Trade Signal:
Momentum: Bullish, given the recent upward movement and a price trading above the 24-hour low.
Short-Term Outlook: Mild bullish momentum, with a potential to test higher resistance levels.
Target Levels 🎯:
1. Target 1: $23.25 - A potential initial resistance level to watch for a breakout.
2. Target 2: $24.00 - The mid-range resistance, a likely point of consolidation or reversal.
3. Target 3: $24.65 - The previous 24-hour high, an important level for a possible breakout if bullish momentum continues.
Trade Recommendation:
Long Entry: Consider entering around $22.60–$22.80, with confirmation from volume uptick and momentum indicators.
Stop Loss: Below $21.60 (24h low).
Exit Strategy: Set take-profit orders at $23.25 and $24.00, with the potential for a larger target at $24.65 if momentum continues strong.
Overall Momentum: Bullish, but watch for potential pullbacks at the target levels.
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