$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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