$MLN ๐The Most Asymmetrical Trade on Binance Right Now๐
Current price: $7.10
24h performance: +34.43%
24h volume: $104M
Open Interest: $5.3M
Funding rate: โ1.47% (shorts paying longs aggressively every 4 hours)
What Iโm seeing live on the MLNUSDT Perpetual chart and order book:
โ Strong bid stacking from $7.00 โ $7.10 (hundreds of thousands of USDT sitting there)
โ Every sell wall above $7.10 is getting absorbed within seconds
โ Massive short squeeze in progress โ funding is already the most negative Iโve seen on any top-100 perpetual this cycle
โ Historical precedent: in the 2021 cycle MLN ran from ~$4 to $290 (72ร) on far weaker fundamentals
Why this move has legs:
โข Enzyme is one of the oldest and most respected on-chain asset management protocols (live since 2020)
โข Backing from Binance Labs, Coinbase Ventures, and multiple Tier-1 institutions
โข Fully diluted market cap still under $200M while competitors in the same niche trade 5โ15ร higher
โข On-chain activity and TVL trending higher since Q3 2024
My personal conviction:
This is the highest risk/reward setup Iโve seen in months.
I have re-entered a significant long position in the $6.9โ$7.1 zone and intend to hold through the next major leg higher-timeframe breakout.
Conservative price targets for this cycle:
$18 โ $34 โ $65+
(Thatโs 2.5รโ9ร from current levels with extremely favorable funding tailwinds)
Iโm sharing this because I believe transparency builds trust.
No giveaway, no โlike & repostโ โ just pure alpha for those who do their own research and act decisively.
If youโve 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.
$AUCTION #mln #enzyme #DeFi