$MLN /USDT Price Update: Key Levels for Trading Opportunities

Current Price: $23.22 (+5.93%)

Bullish Targets for Long Trades

Target 1: $24.00 (Immediate resistance)

Target 2: $24.65 (24H high breakout level)

Target 3: $26.00 (Extended bullish target)

Long Trade Signal:

Entry Point: Above $23.50 for confirmation of upward momentum.

Stop-Loss: $22.50 to protect against downside risk.

Strategy: Look for increasing volume and strong candlestick patterns to sustain the breakout above $24.00.

Bearish Targets for Short Trades

Target 1: $22.00 (Support zone)

Target 2: $21.50 (Deeper retracement level)

Target 3: $20.50 (Critical support area)

Short Trade Signal:

Entry Point: Below $23.00 for bearish confirmation.

Stop-Loss: $23.75 to minimize risk.

Strategy: Watch for rejection near $24.00 and declining volume to signal potential downside.

Market Insight: $MLN /USDT saw a surge from $21.82 to $24.65 before retracing to $23.22. Price action suggests consolidation, with potential for either a bullish breakout or a bearish retracement depending on volume and sentiment.

Pro Tip: Use a dynamic trailing stop-loss strategy to maximize gains while protecting profits during volatile market conditions.

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