While everyone talks about $TRUMP , let's talk a little bit about Trump's wife #MELANİA .
The price action on MELANIAUSDT presents an interesting yet cautious scenario. After a prolonged downtrend, the token recently experienced a notable bounce from the $0.3650 level, supported by a sharp increase in volume—signaling temporary buying interest. However, the current price at $0.4017 has fallen below the short-term MA(7) of $0.4621 and is also under the MA(25), showing that bearish momentum may still dominate. While the short-term recovery was impressive, the failure to sustain above key moving averages and a nearly 8% drop today could indicate a fading rally or profit-taking. For traders, it’s vital to monitor whether the $0.3650 level holds as support or if selling pressure resumes. A decisive move above the $0.46-$0.48 zone with volume would be needed to confirm a trend reversal. Until then, this market remains high-risk, short-term speculative, and best approached with tight risk management.
Should We take a long right now?
It is little bit risky,
Bearish Signals:
- Price is below all key moving averages (MA7, MA25, MA99), which indicates a continuing downtrend.
- Today's candle is red, showing weakness after a short bounce.
- Volume is decreasing, which often signals waning buyer interest.
- The price just failed to hold above a resistance near $0.46–$0.48.
Neutral/Positive Signs:
- There's a recent bounce from $0.3650, suggesting potential support.
- The big green volume candle a few days ago shows there was strong buying interest.
Conclusion:
Unless you're scalping for a very quick move with tight stop-loss, this isn't an ideal long entry. A safer long would be:
- If price breaks and holds above $0.46 with volume or
- If price retests and holds the $0.3650 support again with confirmation of buying.
Tip:Use stop-loss just below $0.36 if you do go long, and size your trade small.
Wait for confirmation if you're looking for long term.
