🚨 Alert: Potential Trading Setup for MLN Coin within One Day
📉⚠️🔥📊
📌 Commentary:
The MLN coin experienced a sharp increase of over +150% in a short period, rising from $5.17 to $14.39 before slightly retracting to around $13.30 due to profit-taking after a strong momentum wave. This increase reflects significant liquidity entering the market and the possibility of a continued uptrend, provided current support levels are maintained.
📊 Trading Setup:
🎯 Entry Price: $13.30
🎯 Price Targets:
🟠 $14.39
🔴 $18.00
💀 $20.00
🚫 Stop Loss: $12.00
📈 Risk to Reward Ratio: High | Reward = Potential
📉 Technical Indicators:
• RSI: Around 90 – indicates strong overbought conditions and potential for a nearby correction.
• MACD: In a bullish crossover, indicating positive momentum in the short to medium term.
• Bollinger Bands: Price is above the upper band, indicating high volatility and potential for a temporary pullback.
• Support and Resistance Levels:
Support: $12.0 (potential re-test area).
Resistance: $14.39 – if breached, the price may head towards $18 or even $20.
📌 Notes:
• Significant increase in trading volume indicates new liquidity entering and strong interest from investors.
• The breakout of MLN from a long-term historical resistance strengthens the likelihood of a continued uptrend.
• It is preferable to wait for a correction towards $10.5–11.5 for safer entry and reduced risk.
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