$MLN /USDT Short Opportunity Alert!
MLN has shown an aggressive bullish run recently, pushing toward 9.20 highs. However, short-term resistance and overextended momentum signal a potential pullback. Traders can look to capitalize on a short opportunity with careful risk management.
Trade Setup:
Entry: 7.94 – 7.96
Target 1: 7.50
Target 2: 7.00
Target 3: 6.40
Stop Loss: 8.10
Key Levels & Notes:
Immediate resistance around 8.55 – 8.64.
Strong support zones: 7.50 and 7.00.
Keep an eye on volume spikes; high-volume rejection near resistance strengthens this short setup.
Market Outlook:
MLN could see a corrective phase after the recent surge. A short from current levels offers a good risk-to-reward ratio for swing traders. Confirm entries with candlestick rejection patterns near resistance.
