$MLN Signal | Short squeeze rebound, watch for a pullback to enter

$MLN Funding rate -0.1063%, crowded shorts. The 4H MACD bullish candlestick is still expanding, with the middle band of Bollinger Bands at 2.9111 providing support. The last 1H bullish candle with volume of 4.66 million, buy volume ratio 0.55 indicating active buying. Current price 3.18 has reached target 1, risk-reward ratio is very thin, do not chase high.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 2.95 - 3.16 range pending order (suggest around 3.05)
🛑Stop loss: 2.93
🚀Target 1: 3.18
🚀Target 2: 3.19
🛡️Trade management: - Execute strategy: If a pullback breaks below 2.93 after entry, exit strictly. Take half profit at target 1, move stop loss to break even. If price returns below the entry zone, exit and observe first.
Deep logic: Negative funding rate + price rebound indicates shorts are being squeezed, but after the 1H MACD death cross, the candlestick contraction shows short-term momentum weakening. Under the 4H bullish structure, wait for lower prices for more stable chips.
View real-time market 👇 $MLN
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL