Timeframe: 1H
Analysis:
MILK’s +14.9% pump to $0.1493 looks overextended, with the price at $0.1213 now forming lower highs. The Parabolic SAR flipped bearish, and the price is testing the 0.5 Fibonacci retracement ($0.1200) of the $0.1020–$0.1651 move. A break below $0.1180 could see a retrace to $0.11.
Trade Setup:
Entry: Short below $0.1180.
Stop Loss: $0.1240.
Target: $0.1100 (TP1), $0.1020 (TP2).
Risk-Reward Ratio: ~1:2.5.
Note:MILK’s $GETTEX:36M market cap suggests room for volatility. Stay nimble.
Analysis:
MILK’s +14.9% pump to $0.1493 looks overextended, with the price at $0.1213 now forming lower highs. The Parabolic SAR flipped bearish, and the price is testing the 0.5 Fibonacci retracement ($0.1200) of the $0.1020–$0.1651 move. A break below $0.1180 could see a retrace to $0.11.Trade Setup:
Entry: Short below $0.1180.
Stop Loss: $0.1240.
Target: $0.1100 (TP1), $0.1020 (TP2).
Risk-Reward Ratio: ~1:2.5.
Note:
MILK’s $GETTEX:36M market cap suggests room for volatility. Stay nimble.
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.
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.