🚀 Melon (MLN/USDT) Technical Analysis 🚀
📊 Chart Overview:
Current Price: $16.90 USDT
24h High: $17.23 USDT
24h Low: $14.09 USDT
24h Trading Volume: 1,847,876.54 USDT
🔍 Key Insights:
1. Support and Resistance Levels:
Support: Watch for a strong support level around $14.29 USDT.
Resistance: Keep an eye on the $24.21 USDT level, which could act as resistance-turned-support.
2. Entry Strategy:
Consider entering long positions if MLN breaks above the resistance level.
Use tight stop-loss orders to manage risk.
3. Market Sentiment:
The recent green candlestick suggests positive sentiment.
Monitor overall market trends for confirmation.
4. Previous Values:
1 Week Change: +10.32%
1 Month Change: -24.78%
:Remember to conduct thorough research and consider your risk tolerance before making any trading decisions. Happy trading! 🌟📈.
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