Timeframe: Daily
Analysis:
MILK is struggling to break the 200 EMA ($0.1250), forming multiple wick rejections at $0.1226–$0.1240. The ADX is below 25, indicating a lack of trend strength, and the price is below the Ichimoku Cloud, signaling bearish bias. A drop below $0.115 could target the $0.10 psychological level.
Trade Setup:
Entry: Short below $0.115.
Stop Loss: $0.1260 (above 200 EMA).
Target: $0.1050 (TP1), $0.0950 (TP2).
Risk-Reward Ratio: ~1:3.
Note:MILK’s TVL ($190M) suggests liquidity, but price action remains weak. DYOR.
Analysis:
MILK is struggling to break the 200 EMA ($0.1250), forming multiple wick rejections at $0.1226–$0.1240. The ADX is below 25, indicating a lack of trend strength, and the price is below the Ichimoku Cloud, signaling bearish bias. A drop below $0.115 could target the $0.10 psychological level.Trade Setup:
Entry: Short below $0.115.
Stop Loss: $0.1260 (above 200 EMA).
Target: $0.1050 (TP1), $0.0950 (TP2).
Risk-Reward Ratio: ~1:3.
Note:
MILK’s TVL ($190M) suggests liquidity, but price action remains weak. DYOR.
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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.