I just came across an interesting cryptocurrency on CoinMarketCap: $MLN . After analyzing its price action, it seems to be consolidating support at $14.88 and could be forming a bullish wedge.
Right now, it's trading at $14.96, and if the bullish pattern confirms, we might see a rise to $21.59. For those aiming for higher profits, the price could reach $23.20.
I’m aiming for a long exit, but I’ll closely monitor its movement to minimize risks.
Reminder: The crypto market is highly volatile, so always trade with caution and manage your risk wisely.
Is $TRUMP a good option to buy now?? In my opinion…
The $TRUMP cryptocurrency is currently in a downtrend, and while it seems to have found support around $32.00, there are no clear signs of a trend reversal yet. It would be wise to wait for the price to confirm a "double bottom" at this level, accompanied by an increase in volume. If this happens, it could present a good buying opportunity, but always with a stop-loss to limit risks in case the support level breaks.
If you choose not to wait and buy now, the nearest resistance is at $34.88, so you could aim for a quick exit if the price rebounds. However, it’s important to monitor closely to avoid losses in such a volatile market.