$MLN
/USDT Technical Analysis & Trade Strategy🚀🎯
Current Price: $21.65
Bollinger Bands (20, 2):
Upper Band: $21.68
Middle Band: $21.14
Lower Band: $20.61
Parabolic SAR (0.02, 0.2): $21.06 (indicating potential upward momentum)
Technical Analysis:
Trend: The current trend is slightly bullish as the price is above the SAR and close to the upper Bollinger Band, suggesting a potential continuation of upward movement.
Support: The key support level is around $20.61 (Lower Bollinger Band), with additional support at $20.24 (24h Low).
Resistance: The key resistance is at $21.68 (Upper Bollinger Band), followed by the recent 24h high at $25.00.
Volume: Trading volume indicates average market interest, with a slight decrease in volume over the last 24 hours.
Trade Strategy:
1. Buy Signal:
Entry: If the price breaks above $21.68 (Upper Bollinger Band) and sustains above it, this signals continuation to higher levels.
Stop Loss: Set at $20.61 (Lower Bollinger Band), just below support to manage risk.
Targets:
Target 1 🎯: $22.50 (initial resistance point)
Target 2 🎯: $23.50 (next resistance level)
Target 3 🎯: $25.00 (24h High)
2. Sell Signal:
Entry: If the price drops below $20.61 (Lower Bollinger Band), indicating potential bearish momentum.
Stop Loss: Set at $21.68 (Upper Bollinger Band), just above the last resistance point.
Targets:
Target 1 🎯: $20.24 (24h Low)
Target 2 🎯: $19.50 (psychological level)
Target 3 🎯: $18.00 (support zone)
Trade Setup:
Long Trade (Buy):
Entry: $21.75 (breakout above upper Bollinger Band)
Stop Loss: $20.61
Targets: $22.50, $23.50, $25.00 (depending on market conditions)
Short Trade (Sell):
Entry: $20.50 (breakdown below lower Bollinger Band)
Stop Loss: $21.68
Targets: $20.24, $19.50, $18.00