stell_s1

MLN has a complete falling wedge! Time for some action

Long
KRAKEN:MLNEUR   Melon / Euro
MLN did a complete falling wedge + double bottom on 1D chart. It reached to support points and from here we can expect some upward movements.

Entry point: 18.6 EUR
SL: below: 18 EUR
Target 1: 22 EUR; Target 2 - 27 EUR

Good luck!
Trade closed: stop reached: This first entry got stopped at 18 EUR by the rejection of BTC early this morning.
To take a small loss is part of the game so for now I will looking for new opportunity to form.
At first look price around 16 EUR seems a good place. Let's see if this can get reached.
Comment: MLN keeps going down and reached 15.2 so far.

I am waiting for long opportunity just need a bit of confirmation. Next level to watch ~13 EUR.
Comment: MLN is near support now and RSI shows oversold area. BTC seems ok for now, let's hope to not drop hard or something.

Be ready for confirmation before to go long. Just need a bit of confirmation to spark the fire.

Comment: I didn't put exact entry number but I hope you catched this wave.
I was expecting it for a while and I can say that it worthed! Enjoy!

Comment: MLN keeps leading the market. It is good idea to lock in some profits now and keep holding the rest.

Good luck!
Comment:
Comment: If you have locked in some profits now you should wait for better opportunity.
MLN still looks attractive but it fights against other significant lines.

Let see if the price can hit around 16 EUR for re-entry.

Good luck
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.