Timeframe: 1H
Analysis:
MILK is facing rejection at the $0.1226 resistance, forming a double top with declining volume. The Stochastic oscillator is overbought (above 80), and a bearish candle closed below the 20 EMA ($0.1205). This suggests fading momentum after the recent pump to $0.1364. A break below $0.1180 could target the $0.11 zone.
Trade Setup:
Entry: Short below $0.1180.
Stop Loss: $0.1230 (above resistance).
Target: $0.1120 (TP1), $0.1020 (TP2).
Risk-Reward Ratio: ~1:2.5.
Note: High volatility inMILK requires tight stops. Watch for BTC dumps impacting alts.
Analysis:
MILK is facing rejection at the $0.1226 resistance, forming a double top with declining volume. The Stochastic oscillator is overbought (above 80), and a bearish candle closed below the 20 EMA ($0.1205). This suggests fading momentum after the recent pump to $0.1364. A break below $0.1180 could target the $0.11 zone.Trade Setup:
Entry: Short below $0.1180.
Stop Loss: $0.1230 (above resistance).
Target: $0.1120 (TP1), $0.1020 (TP2).
Risk-Reward Ratio: ~1:2.5.
Note: High volatility in
MILK requires tight stops. Watch for BTC dumps impacting alts.
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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.
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.