Here's a concise technical analysis and trade signal for $MLN
/USDT with three target levels and trade momentum:
Technical Analysis:
Current Price: $21.20
Trend: Bullish (Upward momentum observed, +13.07% in the last 24 hours)
Support Level: $18.71 (24h Low)
Resistance Level: $22.33 (24h High)
Moving Averages: Bullish crossover, confirming a short-term upward trend.
Trade Signal:
Trade Type: Buy signal.
Entry: At current price or on minor dips near $21.00.
Target Levels (🎯):
Target 1: $22.00 (Next resistance zone)
Target 2: $22.33 (24h High)
Target 3: $23.50 (Next resistance above 24h High)
Stop Loss: $18.70 (near the 24h Low)
Momentum:
Strong Buy Momentum: Indicator signals and price action suggest a sustained upward move.
RSI: Moderately bullish but not overbought, suggesting room for further upward movement.
This analysis indicates a good buying opportunity for short to medium-term gains. Monitor for price action near support and resistance levels for precise entry and exit points.
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