More downside potential on MLSUSDT
A short walkthrough it's recent price journey shows it had a huge pump to the upside then followed by two double top formation and now price has broken the base of the double top, the bull camp from previous pump is now trapped, any liquidation will only exacerbate and head lower for this pair, a minor bounce to the support-turned-resistance will likely be met with heavy freshing selling or trapped bulls stepping over each other to get out.
Hence, this walkthrough suggests there is more downside to come and expect previous low 0.128 to get tested.
Hence, this walkthrough suggests there is more downside to come and expect previous low 0.128 to get tested.
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.