【$MLN Signal】Healthy Pullback After Dip and Strong Breakout on 1H

$MLN The 1-hour timeframe experienced a 17% violent surge yesterday and is currently in a healthy, decreasing volume pullback phase. The price found initial support around 3.68, and the 1-hour RSI has retreated from the overbought zone to a healthy level near 60, preparing for another upward push. The 4-hour timeframe has confirmed a breakout of the previous consolidation zone, indicating an upward trend. Market depth shows strong buy orders, and the negative funding rate suggests shorts are still paying fees, which favors long positions. The current price is slightly above the optimal entry zone, so chasing is not recommended. Patience is advised until the pullback confirms support.

🎯 Direction: Long (Buy on Dip)

⚡ Entry/Order: 3.567 - 3.620 (in batches)

🛑 Stop Loss: 3.450

🚀 Target 1: 3.850

🚀 Target 2: 4.000

🛡️ Trading Management:

- Execution Strategy: Use a phased entry approach, increasing position size near the lower end of the zone. After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold remaining position to aim for Target 2. If the price retraces and hits the trailing stop, exit all to lock in profits.

( Depth Logic: After a volume breakout on the 1-hour candle, a consolidation with decreasing volume indicates a typical strong shakeout pattern. Open interest remains stable, with no signs of major distribution by the main players. In a negative funding rate environment, the price remains resilient, with potential for short squeeze. The 3.49-3.56 zone below is a dense trading area and resonates with the 1H EMA20 support, making it an ideal low-risk entry point. )

Check real-time market 👇 $MLN

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