MLN has performed strongly recently, with a rise of over 150% in the last 24 hours, but the market seems to have entered a consolidation phase. The current trading price is 13.440 USDT, having retreated from a high of 14.740.



Technical analysis shows that there is uncertainty in the short-term trend. The moving average system indicates that MA5 and MA25 are close together, suggesting that the market may face a directional choice. The long-term support level remains around MA99 at 9.673.

Various technical indicators show divergence. The MACD indicates a weakening of short-term momentum, the RSI has fallen from a high but has not entered the oversold zone, and the KDJ indicator also suggests a possible fluctuation or pullback. In terms of trading volume, the OBV energy wave remains stable and has not provided sufficient support for a price breakout.

For interested investors, the following strategies can be considered:

1. If the price drops to the range of 13.0-13.2, you can consider building a small position, but you need to set a stop loss below 12.8.
2. A more conservative approach is to wait for the MACD golden cross to appear or for the price to break above the previous high of 14.74 before entering.
3. The short-term resistance level is at 14.74, and if it breaks through, it may test the 15.0-15.5 range.
4. If it breaks below the 13.0 support level, it is recommended to stop loss in a timely manner or consider switching to short.

It is worth noting that there has been a significant rise recently, leading to profit-taking pressure, and it is not advisable to chase the highs. At the same time, there are signs of shrinking trading volume, and one should be cautious of potential false breakouts.

Key Position Summary:
- Buy range: 13.0-13.2, needs to be combined with an increase in trading volume
- Position to increase: Breakthrough 14.74, also needs volume confirmation
- Stop loss position: falls below 13.0
- Take profit position: around 14.74 or 15.5, can operate in batches.

Finally, investors should closely monitor the changes in indicators such as MACD, RSI, and OBV, as well as the relationship between prices and key moving averages, and adjust their strategies in a timely manner.
MLN-36.28%
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SybilAttackVictimvip
· 10-19 21:40
It's all fake to talk by looking at pictures, following it is just a trap.
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fomo_fightervip
· 10-19 20:49
Another wave of suckers is tied up.
View OriginalReply0
GweiTooHighvip
· 10-19 20:46
Keep playing short to the end
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GateUser-44a00d6cvip
· 10-19 20:43
Don't chase after such a rapid rise.
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GateUser-c799715cvip
· 10-19 20:33
doomed I dare not touch
View OriginalReply0
Degen4Breakfastvip
· 10-19 20:31
Get the money! Keep your stop loss tight and don't waste it!
View OriginalReply0
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