$MLN
/USDT Technical Analysis and Trade Signals 🚀 🎯
Current Price: $20.84
Trend: Bullish
The price is trading above the Bollinger middle band and SAR support, indicating strong upward momentum. High trading volume confirms the trend's strength.
Key Technical Indicators:
1. Bollinger Bands (30m):
Upper Band: $20.36 (Resistance Zone)
Middle Band: $19.08 (Support Zone)
Lower Band: $17.79 (Major Support)
2. SAR (0.02, 0.2):
At $18.70, acting as dynamic support in an uptrend.
3. Momentum:
RSI: Likely overbought near $21.25; watch for signs of consolidation.
MACD: Expected to stay positive, supporting the bullish bias.
Trade Signal 🎯
Buy Entry:
Entry Zone: $20.00 - $20.50 (on slight retracement or breakout above $20.84)
Stop-Loss (SL): $18.60 (below Bollinger lower band and SAR)
Target Levels:
1. Target 1 (T1): $21.50 (previous high breakout zone)
2. Target 2 (T2): $22.80 (next resistance from upward momentum)
3. Target 3 (T3): $24.00 (psychological resistance)
Trade Momentum:
Short-Term: Bullish, price action suggests continuation toward $21.50.
Mid-Term: Trend supports movement toward $22.80 if buying pressure sustains.
Long-Term: Breaking $22.80 can attract strong momentum buyers, targeting $24.00.
Recommendation: Monitor volume and RSI for potential overbought conditions around $21.25. Trail your stop-loss near SAR for risk management.