Technical Analysis
Trend Confirmation: $MLN is showing a strong recovery after hitting a local low near $3.30-3.40. It has recently broken above the MA(7) and MA(25) on the daily chart, which are currently converging around $3.48.
Volume & Momentum: The 24h volume has spiked to over $2.13M USDT, indicating fresh buyer interest. The price is currently testing the $3.80 resistance zone. A clean breakout here targets the MA(99) at $4.35.
Support/Resistance: Strong support is established at $3.60. Failure to hold this could lead to a retest of the $3.40 range.
Trade Signal: MLN/USDT (Long) 🚀
Position Type: Swing Long
Mode: Spot or 3-5x Leverage (Max)
Entry Zone: $3.70 – $3.78
Take Profit 1: $4.10 (Initial Resistance)
Take Profit 2: $4.45 (Near Daily MA99)
Take Profit 3: $4.95 (Main Trend Breakout)
Stop Loss: $3.45 (Below recent support)
Disclaimer: Not financial advice. Always do your own research and manage your risk.