$MLN
USDT – DOUBLE TOP FORMING OR BULL TRAP AHEAD?
WICK REJECTION AT $8.50
POTENTIAL EXHAUSTION ZONE
$MLN has tested the $8.50 resistance twice in the past 24 hours, both times failing to sustain above it. Price is now showing signs of stalling just below this level with increased wick activity — a possible double top or early distribution phase.
Short Setup:
Entry: $8.43
Target 1: $8.18
Target 2: $7.85
Stop Loss: $8.58
If $MLN fails to break above $8.50 with strong volume, sellers may regain control and push price lower toward the recent consolidation base.
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