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$MELANIA From $11 to $1 – A Salute to the Holders! 🫡
A big shoutout to everyone who bought #MELANIA at $11 and continues to hold strong!
Currently, $MELANIA/USDT is under intense selling pressure, trading at $1.39, reflecting a sharp 13% drop in the past 24 hours. With the RSI at 15.25, deep in oversold territory, the market is testing key support levels. Traders are closely watching whether this will lead to a rebound or a further decline, making it a high-risk, high-reward setup.
Short-Term Trade Setup:
Entry Price: Consider entering near $1.40.
Target Levels:
$1.50 – Initial resistance and profit-taking zone.
$1.60 – Stronger resistance for a more extended recovery.
Stop Loss: Below $1.20 to limit downside risk.
Long-Term Trade Setup:
Entry Price: If the price dips towards $1.20 (key support), a strategic long position may be considered.
Target Levels:
$1.50
$1.78
$2.00 – Potential upside in case of a strong reversal.
Stop Loss: Below $1.10 to protect against further breakdowns.
Risk Management & Key Indicators:
Wait for RSI to recover above 20 and MACD to confirm a bullish crossover before entering.
Monitor trading volume—low volume could signal a false breakout or breakdown.
Bottom Line:
$MELANIA/USDT is at a crucial turning point. A bounce is possible, but further downside risks remain. Strict risk management and confirmation signals are essential for navigating this volatile setup.
#MarketRebound #XRPETFIncoming? #Write2Earn
A big shoutout to everyone who bought #MELANIA at $11 and continues to hold strong!
Currently, $MELANIA/USDT is under intense selling pressure, trading at $1.39, reflecting a sharp 13% drop in the past 24 hours. With the RSI at 15.25, deep in oversold territory, the market is testing key support levels. Traders are closely watching whether this will lead to a rebound or a further decline, making it a high-risk, high-reward setup.
Short-Term Trade Setup:
Entry Price: Consider entering near $1.40.
Target Levels:
$1.50 – Initial resistance and profit-taking zone.
$1.60 – Stronger resistance for a more extended recovery.
Stop Loss: Below $1.20 to limit downside risk.
Long-Term Trade Setup:
Entry Price: If the price dips towards $1.20 (key support), a strategic long position may be considered.
Target Levels:
$1.50
$1.78
$2.00 – Potential upside in case of a strong reversal.
Stop Loss: Below $1.10 to protect against further breakdowns.
Risk Management & Key Indicators:
Wait for RSI to recover above 20 and MACD to confirm a bullish crossover before entering.
Monitor trading volume—low volume could signal a false breakout or breakdown.
Bottom Line:
$MELANIA/USDT is at a crucial turning point. A bounce is possible, but further downside risks remain. Strict risk management and confirmation signals are essential for navigating this volatile setup.
#MarketRebound #XRPETFIncoming? #Write2Earn
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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