MLN/USDT SHORT TRADE SETUP

​$MLN is trading at \text{8.481} after a massive and sharp rejection from the \text{9.686} high. The price is down -\text{2.70}\% in the last 24 hours. The aggressive red candles on the 15m chart signal a strong continuation of the downtrend is likely.

​Entry Zone

Sell (Short) immediately at the current price of \text{8.481} or on a short-term bounce to the nearest resistance at \text{8.700}.

​Target Points

TP1: \text{8.300} (Psychological level)

TP2: \text{8.210} (24h Low)

TP3: \text{8.000} (Major psychological level)

​Stop Loss

Set stop loss above the immediate rejection zone at \text{9.000} to protect against a sudden reversal.

​Trade here on $MLN

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