š $MLN /USDT ā Trading Signal and Analysis š
Current Price: $20.35
24h Change: -11.41%
24h High: $23.53
24h Low: $19.35
24h Volume: 183,843.96 MLN / 4.09M USDT
š Key Levels to Watch
Immediate Resistance: $22.00 ā Strong level to observe for potential breakouts and upward movement.
Next Resistance: $23.00 ā A critical level where profit-taking could occur if the trend reverses.
Support Zone: $19.35 ā Recent low and potential area for bounce.
š Performance Breakdown
Today: -1.07% ā A minor pullback, providing a possible entry opportunity for reversal.
7 Days: -10.52% ā Price is in a short-term downtrend, with potential for a recovery soon.
30 Days: +25.49% ā Positive growth in the last month, indicating a longer-term upward trend.
90 Days: +27.86% ā Solid performance over the past three months.
180 Days: +20.72% ā Healthy growth, suggesting strength in the market.
1 Year: +26.27% ā Consistent yearly gains, showing overall positive performance.
š” Trading Strategy
Bullish Scenario
Entry Zone: Look for a bounce around $19.35 ā this is a key support level.
Target 1: $22.00 ā Immediate resistance zone.
Target 2: $23.00 ā A higher resistance if the momentum picks up.
Stop-Loss: $18.50 ā Protect against further downside by setting a tight stop below recent support.
Bearish Scenario
Support Breakdown: If $19.35 is broken, we could see a further dip towards $18.00.
Target for Shorts: $18.00 ā A potential target for short positions.
Stop-Loss for Shorts: $22.00 ā Keep your risk management tight by setting stops just above resistance.
š Why This is a Prime Opportunity
Despite the recent dip, $MLN /USDT shows great potential for recovery. The price is near key support levels and has proven strong in the longer-term growth, making it a great asset for short-term traders looking to capitalize on the next big move.
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