Here's a short technical analysis for the $MLN
/USDT pair with three target levels and trade momentum:💯🔥🔥
Technical Analysis (MLN/USDT):
Current Price: $21.61 (with a 2.61% increase in the last 24 hours)
Trend: Bullish – The price is showing positive momentum, trading above recent support levels.
Support Zone: $20.45 (24h low), could act as a key buy zone if tested again.
Resistance Zone: $21.65 (24h high), which might limit further upward momentum.
Target Levels 🎯:
1. First Target: $21.80 – A slight resistance based on recent price action and momentum.
2. Second Target: $22.20 – A more substantial resistance zone that aligns with previous highs.
3. Third Target: $23.00 – Potential major resistance, dependent on continued positive momentum.
Momentum and Trade Signal:
Buy Signal: Potential for upward movement with increased momentum if price holds above $21.50.
Sell Signal: Watch for price rejection at $21.65. A fall below $20.45 would trigger a bearish move.
Momentum: Positive, but traders should keep an eye on volume and RSI for confirmation before entry.
This strategy combines the current price action with key levels. Be sure to confirm trends with proper risk management before executing any trades.