🚀 Melon (MLN/USDT) Technical Analysis: Key Levels and Entry Strategy 🚀

📈 Current Price: $15.76

📉 Previous Price: $15.50

🔍 Support Levels:

1. $15.50: MLN has consistently found support around this level, indicating strong buying interest.

2. $14.00: A deeper retracement could find support here, but watch for bullish signs.

🔝 Resistance Levels:

1. $17.50: Immediate resistance. A breakout above this level could signal a bullish trend continuation.

2. $18.00: A decisive close above this level may trigger a bullish rally.

🎯 Entry Strategy:

- Long Position (Buy):

- Wait for a confirmed close above $17.50.

- Set a stop-loss just below $15.50.

- Target initial resistance at $18.00 and consider trailing stops.

📊 Attractive Pattern:

- The recent consolidation resembles a bullish flag pattern.

- If the breakout occurs, MLN could surge significantly.

Remember, always manage risk and stay informed! 🌟.#MLN/USDT #BearishAlert #Alert🔴 #bestanalysis #Write2Earn!