$MLK — Lower High Rejection, Sellers Regaining Control !
Short $MLK
• Entry: 0.05600 – 0.05680
• Stop Loss: 0.05880
Targets:
• TP1: 0.05450
• TP2: 0.05300
• TP3: 0.05150
$MLK remains in a short-term downtrend on the 1H chart, forming a clear lower high around 0.05680–0.05700. Price rejected near resistance and is rolling over again, signaling potential continuation to lower support levels.
The bearish bias remains valid as long as MLK stays below 0.05880. Sellers are likely to target 0.05450 and beyond, creating a high-probability short entry.
Will MLK break 0.05450 and accelerate the downside move?
Trade MLK here 👇
MLK
Alpha
0.05659
-0.46%