$MLN Surges Over 49% After Robust Breakout From $5.17 SupportCrypto token MLN is currently trading at $8.03, reflecting a sharp increase of +49.53% following a strong breakout from its crucial support zone around $5.17. The price demonstrated strong bullish momentum as it reached an intraday high of $8.87, where it encountered minor resistance.Key Levels to Watch:Support: $7.60Resistance: $8.80Entry Zone: $7.80 – $8.10Take Profit Targets: TP1 at $8.50, TP2 at $8.90, TP3 at $9.30Stop-Loss: $7.40Technical Outlook:
Maintaining price above the $7.60 support level is vital for sustaining the current upward trend. Traders entering within the $7.80 to $8.10 zone can expect potential gains as the price aims for the $8.90 to $9.30 range. The stop-loss set at $7.40 offers risk management to protect against downside moves.Trading Strategy:
Investors are advised to consider buying MLN within the identified entry zone and managing trades with the stated take profit targets and stop-loss. Holding above $7.60 enhances the probability of further price appreciation amid strong market activity.Overall, MLN’s breakout signals bullish momentum and attractive trading opportunities for short-term gains. Monitoring key support and resistance levels will be essential in navigating its next price moves