Quick analysis of MLNUSDT over 5 minutes

1. General Trend

Current price: 13.44 USDT

The overall trend is downward based on the price curve, as we notice a previous peak at 14.48 USDT, followed by a continuous decline.

The price is trading below the moving average MA60 (13.67 USDT), indicating weak upward momentum currently.

2. Nearby Support and Resistance Areas

Nearby support: 13.37 - 13.38 USDT (if broken, we may see a rapid decline).

Nearby resistance: 13.50 - 13.55 USDT (if broken, the price may move towards 13.70).

3. Liquidity and Order Volume

Strong buy orders at 13.40 - 13.37 USDT indicate a likelihood of a slight rebound.

Sell orders at 13.50 USDT may hinder rapid increases.

4. Time Analysis (Scalping over 5 minutes)

If you are looking for a quick entry, you can buy between 13.38 - 13.40 USDT and target 13.48 - 13.50 USDT.

The stop-loss can be set at 13.35 USDT.

Conclusion

Scalping strategy: Buy in the range of 13.38 - 13.40 USDT and sell at 13.48 - 13.50 USDT.

Risk: If 13.37 USDT is broken downwards, we may see further decline.

Caution is required: The market is volatile, so if the nearby resistance is not broken, a rapid decline may occur.

Do you have a specific profit target or a defined risk ratio?