$MLN is currently trading at $23.26, showing signs of stabilization after pulling back from its recent peak of $24.65. The Relative Strength Index (RSI) stands at 50, suggesting a neutral momentum, which means the price could either consolidate or break out depending on market dynamics.
Trade Setup for $MLN
At the current price level, traders might consider entering with short-term targets set at $23.50, $23.80, and $24.10. However, it's advisable to set a stop-loss around $22.90 to protect against any further downside risk in case of unexpected market shifts. The trading volume remains consistent, and if $MLN can break above the $23.80 resistance, it could potentially aim for the $24.65 high again.
Market Outlook
The current market behavior suggests that $MLN is in a consolidation phase, but the chart indicates a possibility of upward movement if buying pressure increases. As always, careful monitoring of volume and price action is essential to capitalize on potential gains and manage risk eff
ectively.
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