MLN - A Low-Cap Crypto with Massive Upside Potential 💎🔎 MLN is a small hidden gem on Binance and other major exchanges like Coinbase, Gate.io, and Kraken. With a tiny circulating supply of 2,665,562 MLN and a fully diluted market cap of just $53,424,254, this crypto could be a 💎 in the rough.
📈 MLN appears to be in an accumulation phase, trading within a purple rectangle range since May 2022. The white trendline has acted as a solid support so far, but it remains to be seen if it will continue to hold or if a breakdown might occur.
💰 Dollar-cost averaging (DCA) into MLN at these green levels could be a smart strategy. Aim to buy around the green zones and take profits in the red zones, especially between $42 - $49.
⏳ However, keep in mind that this is a weekly chart, so patience and a long-term perspective are necessary.
🚨 As always, do your own research (DYOR) and never invest more than you can afford to lose.
In summary, MLN presents an intriguing opportunity as a low-cap gem with a potentially bright future. 🌟 DCA into the green zones, hold through the accumulation range, and consider taking profits around the red resistance levels. But remember, DYOR and manage your risk wisely! 💯
Mlnlong
MLN (Enzyme/Melon) - Trade updateI entered this trade at 127 and have been waiting for it to mature. My profit target is currently 267, previous ATH lifted from Kraken.
Updating my previous analysis, primarily for my own reference: MLN has shown recent pattern of range double bottoms and pumps. Double bottom in this range recently registered at 127 and now slowly finding its way back up toward neckline confirmation at 144 zone. Enter trade on neckline break, or re-low to 127
Positives:
MACD histogram on Daily is showing nice bullish divergence
EMA on Daily is looking to reverse from bearish cross
EMA on 4H crossing bullish
RSI daily trend is currently holding and showing bullish momentum above 50
negatives:
Caution that the lower dynamic support is compromised but range is still holding and price is finding some momentum on lower time frames in a bullish expanding wedge (Watch for possible price breakdown to 98,90 range)
MLN requires a lot of patience... but then BAM
Dump if there is a daily close below 125-127 demand zone.