MLUSDT trade ideas
#ML Mintlayer and the battle of the five armies ^^#ML Mintlayer fails to break the $0.2298 zone and faces a violent rejection. It pulls back just as harshly below the initial accumulation zone (golden pocket) to the next Fibonacci level around $0.0484 and is currently consolidating to form a support level in accumulation.
A relatively unexpected move for a project of this caliber.
The key zone/FLIP must act as support before considering higher targets. This refers precisely to the length of the upper wick from the December candle, marked on the chart with a red arrow.
Good luck accumulating, consolidating, or trading!
Mintlayer, $ML D1 Chart Idea🪙 Mintlayer, NYSE:ML D1 Chart Idea
Mintlayer did a magnificent bullish run last year, making ~50x from its ATL to ATH and is currently on a retracement. It would be wise to look for favorable buying opportunities in the range of $0.08 to $0.06 and hold onto them for midterm. Still caution should be taken due to BTC's price action atm.
Safe trades! 👥