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👀 $MLN : Is this the big fakeout? Or the real deal?
The 1-hour chart looks like a typical grind.
We saw the move up to $6.68 but it couldn't hold. Classic rejection of that high resistance.
Right now, we're consolidating right at the $6.40-6.43 area. Look at the order book. Heavy bids around $6.43 and $6.42, but the asks are stacking up just above $6.44. The resistance at $6.44-6.45 is the immediate battleground.
Volume is decent but nothing crazy. It's a tug of war.
If the buyers can clear $6.45 and hold it, we take another shot at the $6.68 high.
If we dump through the $6.37 support (see those bids at $6.37/$6.38 fade), expect a quick drop back to the $6.25 range. That was a key pivot point recently.
Trade smart, don't get chopped up in this range. Waiting for confirmation either way.
#mln #ZECSurges20xInThreeMonths