$MLN Trading at $9.29 – Can Bulls Defend the Rebound?
MLN is currently trading at $9.29, having experienced a strong upward move followed by a significant pullback. The price is now consolidating around a key support level, and its ability to hold here will determine if the bullish momentum can resume or if further downside correction is likely.
Key Levels:
Resistance: $9.31 (immediate, recent high), $10.00 (stronger, psychological resistance)
Support: $9.27 (immediate, recent low), $9.00 (stronger, implied from chart)
Trade Setup - Anticipate Volatility!
Bullish Entry: A confirmed move above $9.31 could target:
Target 1: $10.00
Target 2: $10.50 (implied, previous high)
Bearish Entry: A break below $9.27 could target:
Target 1: $9.00
Target 2: $8.50 (implied, previous consolidation)
MLN/USDT is at a pivotal moment. A successful defense of $9.27 could signal a continuation of the recent rebound, while a sustained break below it suggests further downside is likely.
