MelaniaUSDT Trading Signal & Analysis
š Candlestick Analysis: The chart shows a dramatic spike reaching a high of $11.69, followed by a sharp decline to $2.40. The bearish momentum is evident with consecutive red candles, signaling intense selling pressure after a pump.
š Technical Analysis:
Key Resistance Levels: $3.93 and $5.99. These levels may act as barriers if the price attempts a recovery.
Key Support Level: $2.34, which is currently the 24h low. If broken, further downside is expected.
š RSI Analysis:
RSI (6): 8.75
RSI (14): 10.37
Both RSI values are in the extreme oversold zone, indicating the asset is heavily undervalued. However, this does not confirm immediate reversal unless buying momentum builds.
š SMC Prediction:
Short Signal: If the price breaks below $2.34 with high volume, consider shorting with a target near $2.00.
Long Signal: A reversal confirmation above $2.60 with increased volume may lead to a recovery. Potential long targets: $3.00 and $3.50.
ā ļø Risk Warning: The sudden pump-and-dump behavior suggests possible manipulation. Trade cautiously with tight stop losses.
