#MELANIYA From $11 to $1❗🫡 .... A BIG SALUTE TO EVERYONE WHO BOUGHT
#MELANIA AT $11 AND IS STILL HOLDING STRONG ❗.... $MELANIA /USDT: Will It Bounce Back or Slide Further❓
#MELANIA /USDT is under significant pressure, trading at $1.39, marking a sharp 13% drop in the last 24 hours. With its RSI dipping to oversold territory at 15.25, the market appears to be testing critical support levels. Traders are now eyeing this setup for either a potential recovery or a deeper decline, making it a high-risk, high-reward opportunity.
Short-Term Trade Setup:
Entry Price: Consider entering near $1.40.
Target Levels:
1. $1.50 (Initial resistance and profit-taking zone)
2. $1.60 (Stronger resistance level for extended recovery)
Stop Loss: Place it below $1.20 to minimize risk in case of further downward movement.
Long-Term Trade Setup:
Entry Price: If price dips closer to $1.20 (critical support), consider a strategic long position.
Target Levels:
1. $1.50
2. $1.78
3. $2.00 (For a stronger recovery in case of a reversal)
Stop Loss: Tight stop-loss at $1.10 to protect against major breakdowns.
Risk Management & Notes:
Watch for RSI bouncing above 20 and MACD showing bullish crossover as confirmation before entering.
Monitor volume closely; low volume may indicate a false breakout or breakdown.
Bottom Line: MELANIA/USDT is at a pivotal point, offering a potential bounce or further drop. Strict risk management and confirmation signals are essential to navigate this highly volatile setup.