Analysis: 
MILK is showing strength after breaking above the $0.12–$0.13 consolidation zone, with a strong bullish candle closing at $0.1213. Volume spiked during the breakout, and the RSI (14) is at 58, indicating room for upside before overbought conditions. The 50 EMA ($0.1162) is acting as dynamic support, aligning with recent buying pressure seen at $0.115. A move above $0.1226 could target the recent high of $0.1384.
Trade Setup:
Entry: Buy above $0.1226 (confirmed close).
Stop Loss: $0.1160 (below 50 EMA).
Target: $0.1384 (TP1), $0.1493 (TP2).
Risk-Reward Ratio: ~1:3.
Note: Watch for volume confirmation and macro crypto sentiment, asMILK correlates with BTC.
MILK is showing strength after breaking above the $0.12–$0.13 consolidation zone, with a strong bullish candle closing at $0.1213. Volume spiked during the breakout, and the RSI (14) is at 58, indicating room for upside before overbought conditions. The 50 EMA ($0.1162) is acting as dynamic support, aligning with recent buying pressure seen at $0.115. A move above $0.1226 could target the recent high of $0.1384.Trade Setup:
Entry: Buy above $0.1226 (confirmed close).
Stop Loss: $0.1160 (below 50 EMA).
Target: $0.1384 (TP1), $0.1493 (TP2).
Risk-Reward Ratio: ~1:3.
Note: Watch for volume confirmation and macro crypto sentiment, as
MILK correlates with BTC.
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.