$MLN đThe Most Asymmetrical Trade on Binance Right Nowđ
Current price: $7.10
24h performance: +34.43%
24h volume: $104M
Open Interest: $5.3M
Funding rate: â1.47% (shorts paying longs aggressively every 4 hours)
What Iâm seeing live on the MLNUSDT Perpetual chart and order book:
â Strong bid stacking from $7.00 â $7.10 (hundreds of thousands of USDT sitting there)
â Every sell wall above $7.10 is getting absorbed within seconds
â Massive short squeeze in progress â funding is already the most negative Iâve seen on any top-100 perpetual this cycle
â Historical precedent: in the 2021 cycle MLN ran from ~$4 to $290 (72Ă) on far weaker fundamentals
Why this move has legs:
⢠Enzyme is one of the oldest and most respected on-chain asset management protocols (live since 2020)
⢠Backing from Binance Labs, Coinbase Ventures, and multiple Tier-1 institutions
⢠Fully diluted market cap still under $200M while competitors in the same niche trade 5â15Ă higher
⢠On-chain activity and TVL trending higher since Q3 2024
My personal conviction:
This is the highest risk/reward setup Iâve seen in months.
I have re-entered a significant long position in the $6.9â$7.1 zone and intend to hold through the next major leg higher-timeframe breakout.
Conservative price targets for this cycle:
$18 â $34 â $65+
(Thatâs 2.5Ăâ9Ă from current levels with extremely favorable funding tailwinds)
Iâm sharing this because I believe transparency builds trust.
No giveaway, no âlike & repostâ â just pure alpha for those who do their own research and act decisively.
If youâve been waiting for a high-quality DeFi name that is still undervalued and technically breaking out, this is it.
NFA. Trade responsibly.
But some opportunities only come around once per cycle.
