MLTUSDT hitting important supportMLTUSDT is currently trading within a broader range, with the price rebounding strongly off a key demand zone after testing the SSL. This bounce signals the potential for a major impulsive upside move, targeting the upper boundary of the range near the primary supply zone.
The identified accumulation zone presents an ideal buying opportunity, with the focus on following the set profit targets as price approaches the supply area.
This setup suggests a favorable risk-reward scenario if the range holds. Feel free to share your perspective on this coin.
MLTUSDT trade ideas
MLT/USDT Ready for an Exponential Bull Run? 👀🚀 MLT Analysis💎MLT is currently facing significant market shifts, with a noticeable decline as it moves below its support line, suggesting a potential drop towards the demand zone at $0.1952.
💎If MediaLicensingToken enters this demand zone, we could observe a strong rebound, possibly leading to a breakout from the Descending Channel. Successfully breaking free from this pattern may enable MLT to revisit and possibly overcome the Bearish OB zone.
💎However, if MLT does not find momentum upon reaching the support zone and instead shows signs of consolidation, this could indicate the likelihood of a further slide below this crucial point. Such a scenario would probably prolong the bearish trend to an additional significant support area.
💎The crucial support zone holds substantial importance for MLT, especially as it signifies a key support level on the GATEIO exchange. Past trends have demonstrated significant rallies from this zone, indicating that a recovery above this demand level could signal a turn toward a positive market movement for MLT.
MLT Media Licensing Token hates $0.10How many more tests before finally crushing through that psycho number of $0.10?
Maybe re-test bottom of bear flag to gain some force?
Invalidation break back into the flag and start an impulse
Hold my beer pls
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No financial advice, do your own research, don't be stupid
MLT Media Licensing Token Bulls last hope
Is this inverted head n shoulder pattern. In case strong support @ $0.10 is lost, its gonna get ugly
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Hold my beer pls
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No financial advice, do your own research, don't be stupid