$MLN
MLNUSDT – Oversold Bounce Setup Near Key Demand Zone!
MLNUSDT has dropped sharply to $9.72, losing over 17% in 24h, but price is now stabilizing near a high-volume demand area ($9.0–$9.7). Selling momentum is fading as shown by flattening MACD and low-volume candles, suggesting a potential short-term mean reversion bounce.
Trade Plan
Entry (Long): $9.60 – $9.75 (accumulate near base support zone)
Target 1: $10.35 (EMA reclaim level)
Target 2: $11.00 (major resistance zone)
Stop Loss: $9.20 (below current low and demand base)
My View
MLN is showing early stabilization signs after heavy liquidation. If bulls manage to reclaim $9.75–$9.85, momentum could shift for a recovery leg. Watch for bullish MACD crossover or a rise in buy volume as confirmation. Until then, manage entries carefully — it’s a low-risk bounce setup, not a breakout yet.
Disclaimer: This post is for educational purposes only — not financial advice. Always DYOR before trading.