$MLN /USDT BEARISH REVERSAL SETUP AFTER PARABOLIC SPIKE
After a massive 60% rally, $MLN shows exhaustion signs on the 1H chart. The sharp rejection from $9.20 indicates strong selling pressure and potential short-term reversal. Price failed to sustain above the breakout zone, forming a lower high — signaling momentum loss and profit-taking by early buyers.
A breakdown below $8.40 could confirm the bearish continuation, targeting a retracement toward previous demand zones.
Trade Setup: Short
Entry Zone: 8.40 – 8.60
Stop-Loss: 9.25
Take-Profit 1: 7.80
Take-Profit 2: 7.20
Take-Profit 3: 6.60
Risk Management: Risk only 1–2% per trade and adjust position size according to volatility.