$MELANIA pushed higher from the 0.100–0.102 base into the 0.114–0.115 zone with a sharp impulsive move. This rally came after a period of choppy consolidation and looks more like a liquidity-driven push than a clean trend continuation.
Price was clearly rejected near the 0.1149 high, leaving upper wicks and showing hesitation at this supply zone. Since that rejection, $MELANIA has failed to reclaim the highs and is now consolidating just below resistance, which favors a short-term pullback rather than immediate continuation.
The structure suggests distribution near the top, with late buyers entering after a +7–10% move. As long as price stays capped below the 0.115 resistance area, sellers maintain control on lower timeframes.
Market sentiment is shifting toward short-term FOMO, which often marks local tops. Any bounce into resistance is likely to be sold into unless strong acceptance above highs appears.
📌 When would bias change?
Only if price reclaims and holds above 0.116 with strong volume. Until then, shorts remain favored.
🔽 Short Scalp Trade Signal
Entry Zone: 0.1120 – 0.1185
TP1: 0.1065
TP2: 0.1015
Stop Loss: 0.1260
Leverage: 20x – 50x
Margin: 2% – 5%
Risk Management: Move your stoploss to entry after TP is smashed
Short #MELANIA Here 👇👇
