$MLN
/USDT Technical Analysis & Trade Signal
Current Price: $22.59
Momentum: Neutral to Slightly Bullish
Trade Signal
Trend: Consolidating, with potential breakout above $23.00.
Indicators:
RSI: Near 50-55, signaling neutral momentum with slight bullish divergence.
MACD: Positive histogram, suggesting a possible upward trend.
Moving Averages: Trading near the 50 EMA; crossing above this level confirms a bullish continuation.
Trade Setup
Entry Point: Long position at $22.60–$22.80 after confirmation of support at $22.50.
Target 🎯 Levels
1. Target 1: $23.50 (Initial resistance level)
2. Target 2: $24.50 (Intermediate resistance level)
3. Target 3: $25.80 (Major breakout target)
Stop Loss: $22.00 (below recent low and strong support zone).
Momentum: Watch for increasing 24h volume. A surge indicates stronger bullish momentum. Avoid trading if price falls below $22.