$MLK is showing steady accumulation after posting a +2.84% daily gain, indicating buyers are gradually regaining control. Price is holding above short-term support, suggesting the current trend remains constructive. A breakout above the nearest resistance could spark fresh momentum and attract additional volume. Until then, traders should watch for confirmation rather than chasing extended candles. Maintaining support will be key to preserving the bullish structure.
Support: 0.0315
Resistance: 0.0338
Next Target: 0.0365
A decisive close above resistance would strengthen the bullish outlook and open the path toward the next target. If support fails, expect a healthy pullback before buyers attempt another move higher. Stay disciplined, manage risk carefully, and wait for volume confirmation before entering.
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