$MLN Recovery Push Underway as Bulls Reclaim Key Levels.
Trade Setup for
$MLN (Bullish Bias)
Here are the precise parameters for trading this recovery push:
Entry Zone: 4.70 – 4.85
This range represents an optimal area to enter, allowing traders to capitalize on the confirmed shift in momentum while still getting a favorable price.
Bullish Above: 4.90
A sustained close or hold above 4.90 is the confirmation signal. As long as
$MLN stays above this level, the bullish bias remains strong, and further upside is expected.
Target 1 (TP1): 5.10
The initial profit target, aligning with a near-term resistance or liquidity zone.
Target 2 (TP2): 5.45
A secondary target, projecting a stronger continuation of the recovery.
Target 3 (TP3): 5.90
An aggressive target, indicative of a full-fledged trend reversal or significant momentum breakout.
Stop Loss (SL): 4.45
A critical risk management level. A drop below 4.45 would invalidate the bullish recovery thesis and suggest that selling pressure has reasserted itself.
Final Thoughts: Seizing the Momentum
The current setup for MLN suggests a high-probability bullish continuation. As always, manage your risk diligently and stay informed about broader market conditions, even as MLN charts its own course. The momentum is clearly with the bulls for now.
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