$MLN /USDT Technical Analysis & Trade Signal🔥🔥🔥

Current Price: $22.86

24h High: $23.47

24h Low: $21.90

Trend Analysis

Price Action: The price of MLN/USDT has seen an increase of 4.19%, indicating bullish momentum in the short term. The price has recently tested the support level around $22.08 and bounced upwards, signaling that buyers are in control.

SAR (Stop and Reverse): At $22.16, it suggests the price could find support around this level, further confirming a possible upward trend.

Volume: With a volume of 130,180.12 MLN and 2.95M USDT, trading activity indicates that there is sufficient interest in MLN, further supporting the bullish scenario.

Trade Signal

Entry Price: $22.86

Targets:

1. Target 1: $23.50 (Initial resistance, 2.8% gain)

2. Target 2: $24.20 (Intermediate resistance, 6.2% gain)

3. Target 3: $25.00 (Strong resistance zone, 9.4% gain)

Stop Loss: $21.80 (around the 24h low, to protect from major price dips)

Trade Momentum

Momentum: The market shows bullish momentum with a solid upward move and increased volume. The price has found support at key levels and is currently moving towards the next resistance points. With the market showing strong positive momentum, it is likely that MLN/USDT will continue moving upwards, especially if it breaks through the $23.50 resistance.

Summary:

Bullish: Targeting $23.50, $24.20, and $25.00.

Risk: Keep a tight stop loss at $21.80 to protect profits in case of reversal.

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