$MLN /USDT ALERT: Key Resistance Zone in Sight! $MLN /USDT is trading at $14.52, down 13.62% in the last 24 hours. The pair is attempting to recover from its 24-hour low of $14.20, signaling potential upward movement if resistance levels are breached.
Key Levels to Watch:
Resistance: $14.80 – A breakout above this level could target $15.50 and $16.00.
Support: $14.20 – A break below this level may lead to $13.80 and further downside.
Trade Setup:
Long Entry: Above $14.80, with targets at $15.50 and $16.00. Stop-loss at $14.40.
Short Entry: Below $14.20, targeting $13.80 and $13.50. Stop-loss at $14.50.
Technical Indicators:
RSI: At 64.72, showing neutral momentum, but nearing overbought levels.
MACD: Positive crossover, indicating potential for bullish momentum.
Market Insight:
MLN/USDT is consolidating near support, hinting at a possible breakout. However, traders should exercise caution due to high volatility.