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.
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.