【$MLN Signal】Healthy pullback after a strong breakout with a retest + Long position

$MLN The 1H timeframe has entered a high-level consolidation after a massive rally, with the price strongly sideways above the EMA20, typical of a healthy retest after a breakout. The 4H timeframe shows a large bullish candle establishing an upward trend, with the current candlestick closing above the previous high, indicating a strong structure. The order book shows deep buy-side support, with funding rates significantly negative, indicating potential short squeeze. Open interest remains stable, showing that the chips are not loosening, and the main force’s intention to defend the price is clear.

🎯Direction: Long

⚡Entry/Order: 3.464 - 3.542

🛑Stop Loss: 3.350

🚀Target 1: 3.850

🚀Target 2: 4.000

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price retraces and hits the trailing stop, exit all positions to lock in profits.

(Depth Logic: The price is supported above the 1H EMA20, RSI has healthy retreated from overbought levels to around 60, with strong momentum. The 4H breakout of the previous consolidation zone confirms the trend. Negative funding rates combined with firm price action indicate high costs for short positions and potential for a short squeeze. The 3.46-3.54 zone below is the first retest support after the breakout, an ideal sniper entry point. )

View real-time market 👇 $MLN

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