【$MLN Signal】Pullback on dips + Healthy retracement after strong breakout

$MLN 1H timeframe is consolidating at a high level after a strong rally, with the price supported above EMA20. RSI has fallen from overbought territory to healthy levels, indicating a typical retracement confirmation after a breakout. A single large bullish candle on the 4H chart establishes an upward trend; the current candlestick closes above the previous high, showing strong structure. The order book depth is solid, with a negative funding rate of up to -0.878%, indicating very high short position costs and potential short squeeze opportunities.

🎯Direction: Long

⚡Entry/Order: 3.430 - 3.507

🛑Stop Loss: 3.280

🚀Target 1: 3.880

🚀Target 2: 4.150

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price retraces and hits the trailing stop, exit all positions.

(Depth Logic: On the 4H chart, trading volume has surged significantly, with a price increase of over 20%, a clear signal of main capital entering the market. Open interest remains stable, indicating that this is not just short covering but also new long positions being added. The 1-hour chart finds support near the EMA20 line, with RSI dropping from a high of 72 to 67, relieving overbought pressure and preparing for further upward movement. The 3.43-3.50 zone below is a key previous breakout level and an optimal entry area. )

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