🧠 $MLN /USDT – Bullish Burst or False Breakout? Critical Resistance in Play! 🚀
#MLN has jumped +13.09%, currently trading at $9.16, after rebounding strongly from the $7.85 support zone. Now heading into a key resistance region where bulls must prove strength to break higher.
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📊 Market Snapshot:
🔺 24h High: $10.48
🔻 24h Low: $7.85
📦 24h Volume (MLN): 1.13M
💰 24h Volume (USDT): $10.24M
📈 Current Price: $9.16
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🧱 Key Support Zones:
🔹 Immediate: $8.80 – $8.30
🔻 Crucial Base: $7.85 – Holding here keeps bullish structure intact
📈 Upside Targets (on continuation):
🎯 TP1: $9.80
🎯 TP2: $10.50
🎯 TP3: $11.20+
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📉 Outlook & Strategy:
$MLN broke out from a key accumulation zone near $8. Bulls need to hold above $9 to confirm momentum. Eyes on the $10.50 breakout zone—if volume kicks in, we could see a strong extension rally. A drop below $8.30 would invalidate the bullish case.
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💡 Pro Tip:
For momentum entries, wait for a 15m–1h candle close above $9.45 with rising volume. Keep stop-loss tight below $8.70 to protect capital. Ideal setup for breakout scalpers and swing entries.
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