Timeframe: 4H
Analysis:
MILK is forming a descending triangle, with lower highs (latest at $0.1364) and support at $0.115. The price at $0.1213 is near the triangle’s apex, and declining volume suggests a breakdown is likely. A close below $0.115 could trigger a sharp move to $0.1020, as seen in prior dips.
Trade Setup:
Entry: Short on break below $0.115.
Stop Loss: $0.1220.
Target: $0.1050 (TP1), $0.0950 (TP2).
Risk-Reward Ratio: ~1:2.5.
Note: High risk due toMILK’s volatility. Confirm with BTC’s trend.
Analysis:
MILK is forming a descending triangle, with lower highs (latest at $0.1364) and support at $0.115. The price at $0.1213 is near the triangle’s apex, and declining volume suggests a breakdown is likely. A close below $0.115 could trigger a sharp move to $0.1020, as seen in prior dips.Trade Setup:
Entry: Short on break below $0.115.
Stop Loss: $0.1220.
Target: $0.1050 (TP1), $0.0950 (TP2).
Risk-Reward Ratio: ~1:2.5.
Note: High risk due to
MILK’s volatility. Confirm with BTC’s trend.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.