$MLN

/USDT Technical Analysis & Trade Signal

Current Price: $21.39

24h Change: +4.24%

Market Sentiment: Bullish Momentum

Key Support & Resistance Levels:

Support Levels:

S1: $20.46 (24h low)

S2: $20.00 (psychological level)

S3: $19.50 (recent swing low)

Resistance Levels:

R1: $21.78 (24h high)

R2: $22.50 (next significant resistance)

R3: $23.00 (target for continued bullish trend)

Technical Indicators:

RSI: 60 (Bullish momentum, not overbought)

MACD: Positive, with a bullish crossover

Moving Averages: Price above the 50 and 200 MA, signaling an uptrend

Volume: Strong 24h volume (1.04M USDT), supporting upward movement

Trade Signal & Strategy:

Trade Type: Buy

Entry: $21.39

Targets:

Target 1: $21.78

Target 2: $22.50

Target 3: $23.00

Stop Loss: $20.40 (below support)

Momentum:

With the bullish trend and strong support levels, the market shows continued upward momentum. A break above $21.78 could trigger a rally towards $22.50 or $23.00. Look for volume confirmation and MACD continuation for further strength.

Conclusion: Positive outlook for MLN/USDT with potential upside targets of $21.78, $22.50, and $23.00, supported by current technical indicators and volume.

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