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MLNUSDT trade ideas

Enzyme (MLN), Pennant breakoutOn the above daily chart price action has consolidated for approximately 20 days to form a pennant formation. A breakout occurred today. The pennant breakout occurs on past resistance, which now confirms as support. The forecast is straightforward enough with the flagpole measuring a 60% move to the upside. The target area is not to be confused with a market top. Is it possible price action continues to correct further? Sure. Is it probable? No Ww Type: trade Risk: You decide Timeframe for long: 24-48hrs Return: 60%
Long
by without_worries
2
MLN LOOKS BULLISHFrom the place we entered "start" on the chart, it seems that our corrective diametric has started and now this diametric is over. This has been a large diametric for wave B which now looks like we have entered a bullish wave C. By maintaining the green range, it can move towards TP. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
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! 💯
Long
by KarimMohsen
✴️ Melon Downtrend >> Consolidation >> Bullish (~500% Potential)Looking at the Melon (MLNUSDT) chart is easy to see how we went from a 'major downtrend' to a 'consolidation phase'. We are now moving towards a 'bullish cycle' which is the last part before the process starts all over. The bullish cycle will be followed by a new bear market which is characterized by a major downtrend, followed by a period of rest with sideways action with either a downward or upward bent. Some Altcoins produce higher lows within the consolidation phase while others produce lower lows, it makes no difference when it comes to the bigger picture. After consolidation the bulls enter the game with force. That's the bottom line: We are about to enter a major bullish phase consisting of higher highs and higher lows. This phase can end mid-2025, so there will be plenty of time to join the ride. Namaste.
Long
by AlanSantana
4
MLNUSDT Forming Wave 1 of a New ImpulseGreat project IMO, with long-term potential. Looks like an inverted triangle impulse wave 1 is forming, with the final wave (E) expected to reach a minimum of $40, but could over extend as far as $60. Overall move is likely the B wave of a larger correction IMO (could definitely be wrong!) and I expect it to reach $150 and possibly go all the way close to the 2021 highs before coming down for wave C and to complete the correction before making new highs 2028-2030.
Long
by cultureofwoods
2
MLNUSDT.4HBased on the provided market data, the currency MLN (Melon) is currently trading at a price of $17.73 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 30.13, 42.31, and 52.61 respectively. The RSI 4h is indicating an oversold condition, suggesting that there might be a potential price rebound in the short term. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are -0.29, -0.05, and 0.13 respectively. The negative MACD on the 4h and 1d charts indicates bearish momentum in the short term. However, the positive MACD on the 7d chart suggests a bullish momentum in the long term. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 19.73, 21.34, and 20.02 respectively. The current price is below the middle band in all the time frames, indicating a bearish trend. The support levels for 4 hours, 1 day, and 7 days are $17.44, $16.80, and $16.41 respectively as the first support. The resistance levels for the same time frames are $19.24, $19.73, and $20.80 respectively as the first resistance. In conclusion, the MLN/USDT pair seems to be in a bearish trend in the short term but has potential for a bullish trend in the long term. The oversold condition in the 4h chart may lead to a price rebound. However, if the price breaks the first support levels, it may continue its downtrend. If it breaks the first resistance levels, it might start a bullish trend. Please note that this analysis is based on the current market data. Market conditions can change rapidly, and it's crucial to keep up-to-date with the latest information and perform your own analysis before making any investment decisions.
by MarsSignals
MLNUSDT - BULLSH 1H TFMLNUSDT is presenting a compelling technical opportunity based on a recent price action analysis. On the 1-hour timeframe, a bullish divergence on the RSI suggests a potential reversal or continuation of the bullish momentum. Considering this, a long position is being considered. Here's a potential trading opportunity based on this analysis: Entry: Consider entering a long position at $15.70. Stop Loss (SL): Set the stop loss at $15.00 to manage potential downside risk. For take-profit (TP) levels, three options are available based on different risk-reward ratios: TP 1:1: = $16.40 TP 1:2: = $17.10 TP 1:3: = $17.80 This trade plan is designed to capitalize on the observed bullish divergence and potential trend reversal while prudently managing risk through the placement of a stop loss. As with any trading strategy, it's important to stay informed, monitor the trade closely, and be prepared to adjust your approach based on evolving market conditions
Long
by sunnytrader07
MLNUSDT - BULLISH I'm considering a long position in MLNUSDT at a price of $15.55. My analysis suggests that MLN is showing signs of strength, particularly in a ranging market, as it consistently forms higher highs (HH) and higher lows (HL) based on price action. An important aspect of this analysis is the absence of any bearish divergence, which is a positive signal. This factor supports the potential for an upward trend. For risk management, I plan to set a stop loss at $14.70, which helps protect against adverse price movements. As for my target, I'm aiming for a 1:1 risk-reward ratio, with the initial target set at $16.40. It's crucial to stay informed and be aware that the cryptocurrency market can be unpredictable, so conducting thorough research remains essential before making any investment decisions.
Long
by sunnytrader07
1
MLN/USDT - Enzyme Finance: resistance Breakout◳◱ Technical analysis to be included soon, stay tuned! ◰◲ General info : ▣ Name: Enzyme Finance ▣ Rank: 339 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Financial - Asset Management ▣ Overview: Enzyme Finance project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 23.93 ₮ ▣ 24HVol: 10,180,607.191 ₮ ▣ 24H Chng: 17.882% ▣ 7-Days Chng: 13.10% ▣ 1-Month Chng: 10.03% ▣ 3-Months Chng: -5.66% ◲◰ Pivot Points - Levels : ◥ Resistance: 21.36 | 22.06 | 23.47 ◢ Support: 19.95 | 19.24 | 17.83 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.87 ▣ Last 90D: -1.52 ▣ Last 1-Y: -0.26 ▣ Last 3-Y: 1.13 ◲◰ Volatility : ▣ Last 30D: 0.47 ▣ Last 90D: 0.59 ▣ Last 1-Y: 1.02 ▣ Last 3-Y: 1.65 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.62 - Bullish ▣ Reddit sentiment score is 0.73 - Bullish ▣ In-depth MLNUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
9