$MLN : NEUTRAL (Wait for breakout)📈
showing consolidation at 5.76 (+0.52%) 📊 Analyzing 4H timeframe for swing trade setup.
Technical Setup (4H Timeframe):
•RSI(6): 46.27 (Neutral - oversold bounce potential)
•Volume: 10,519 (Below MA(5) - weak momentum)
•Key Resistance: 5.95 (24h high)
•Key Support: 5.54 (24h low)
•MACD: Bullish crossover forming
Bias: NEUTRAL (Wait for breakout
Entry Long:5.80-5.85 (Break above consolidation)
TP:6.20 → 6.50 (+8-13% profit)
SL:5.45 (-6% risk)
$MLN Entry Short: 5.55-5.60 (Break below support)👇
TP:5.20 → 4.90 (-10-15% profit)
SL:5.75 (+3% risk)
Risk Management Warning: 🚨 Low volume token - use 1-2% position size only. Set strict stop-loss. Not financial advice.
Professional Insight:
$MLN is consolidating after recent downtrend. Wait for confirmed break above 5.95 with volume for bullish momentum, or break below 5.54 for bearish continuation. 4H timeframe ideal for swing trades.
#MLN #TradingSignals #DeFi #SwingTrading #apexwarlock Follow for more multi-timeframe analysis.
Source:TradingView data