$MLN

/USDT

Technical Analysis:

Current Price: $20.60

Trend: Bullish momentum with a +11.47% increase in the last 24 hours.

Support: The price has been supported around $18.20 (24h Low), and $19.99 shows another key level of support.

Resistance: The price is approaching resistance around $23.71 (24h High). A breakout above this level could lead to further gains.

Moving Averages: The price is above the key moving averages (if available), signaling bullish momentum.

Trade Signals:

Buy Signal: If the price holds above $20.60, it could continue its upward movement. Watch for a breakout above $23.71 to confirm further upward momentum.

Sell Signal: If the price drops below $18.20 or fails to break above $23.71, consider selling or tightening stops.

Targets (🎯):

1. Target 1: $22.00 – Near-term resistance level.

2. Target 2: $23.00 – Mid-term target if bullish momentum continues.

3. Target 3: $25.00 – Long-term target if the price breaks above $23.71.

Momentum:

The momentum is currently positive, as seen with the price surge of +11.47%. However, be mindful of potential corrections near resistance levels.

Consider using stop-loss orders around $19.99 or $18.20 to manage risks.

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