$MLN

– The supply zone continues, downward pressure resumes

Multiple rejection from the main resistance. The downward trend remains in place.

$MLN continues to struggle under the strong supply area at $7.88 – $7.92. After a failed bounce, prices resumed their decline with lower highs and rejection at $7.82, confirming seller dominance. This consolidation at the lows suggests another wave of decline may occur.

Short entry: $7.852

Stop loss: $7.922

Target: $7.412

As long as the price remains constrained under the $7.90 area, the bears maintain control and further decline seems likely.