Mildly Bullish — $MLN is trading around $9.02, up approximately 1–2% over the past 24 hours while holding above support at $8.80–$9.00. Short-term resistance appears near $9.25–$9.30, based on recent intraday highs .
Fibonacci Levels:
Retracement status: Precise Fibonacci retracement levels for MLN are not widely published. However, recent trading activity suggests support forming around $8.80, indicating a potential fib-based stabilization zone.
Price zones:
Support: ~$8.70–$8.90 (recent swing low)
Resistance: ~$9.25–$9.30 (recent highs)
RSI:
Value: Direct RSI data for MLN isn’t available in the current sources, but modest daily gains (1–5%) imply neutral to mild bullish momentum.
Interpretation: The absence of overbought pressures suggests room for gradual upward movement.
Entry Zones:
Safer: Around $8.80–$8.90, where price recently consolidated and appears to bounce.
Aggressive: Near $8.70, closer to the lower trading range—higher risk but potentially better entry cost.
Take-Profit Zones:
TP1: Around $9.25–$9.30, aligning with intraday resistance and recent highs .
TP2: If upward momentum continues, consider $9.80–$10.00, a psychological and technical next tier noted in short-term forecasts .
Stop-Loss Ideas:
Conservative SL: Below $8.70, beneath recent support.
Tight SL: Around $8.80, just under the safer entry zone.