$MLN Bullish Signal

MLN's trend in this segment is a standard model of a “main rising phase” controlled by the main force: gentle volume increase at the bottom → small steps taken → long bullish candlestick → accelerated surge → rapid turnover at high positions.

This structure can be summed up in one sentence: the trend has been ignited, and the short-term fluctuations are just a necessary cooling phase before the next surge.

The 6.60 range you are seeing now is a typical area of significant turnover during the first major wave of the main rising phase. After a strong bullish candlestick hitting 7.734, it quickly retraced, which is not a top but a common “emotional overheating correction” in a strong trend. More critically:

The retest did not break through the ignition point of the main rising segment.

The bullish moving average bands still maintain a bullish divergence.

The main force has not withdrawn; it is just undergoing short-term position washing.

In other words, the market hasn't run its course; it is currently in a “recharging zone” before the second forceful push. As long as 6.45 – 6.55 is not lost, the probability of the next surge to 7.2 – 7.6 remains very high.

MLN's current structure is:

Explosive volume breakout → turnover at high positions → retest support confirmation → continuation of the second phase of upward trend initiation.

The real top has not yet arrived.

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Bullish Trading Strategy

Entry Range

6.48 – 6.62

Take Profit Targets

T1: 6.92

T2: 7.28

T3: 7.65

Stop Loss

6.28

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As long as it regains a stable position above 6.70, the bullish second leg will naturally accelerate, and 7.3 – 7.6 will be challenged again.

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