$MLN /USDT BEARISH TRADE SETUP REVERSAL SIGNS AFTER SHARP SPIKE
💯 🔥 TIME TO ENTER
Market Structure: Price rallied strongly to 9.29 but faced immediate rejection, followed by consecutive red candles, signaling profit-taking and potential short-term downtrend.
ENTRY LEVEL:
Enter short between 8.94 – 8.98 on a weak bounce.
STOP LOSS:
Above 9.12 to protect against a quick bullish recovery.
TARGET POINTS:
TP1: 8.80
TP2: 8.68
TP3: 8.55
TRADE ANALYSIS:
The rejection at 9.29 with heavy selling suggests bulls are losing momentum. If selling pressure holds, price may test lower supports around 8.55 in the short term.