#TRUMPMELANIA correlation both are on same track ..... a little up 📈 and more down 📉 these pumps recover huge LOSSES of traders #MELANIA /USDT Tumbles to $2.42, Bears Dominate... #MELANIA /USDT is struggling to recover, currently trading at $2.42 after a sharp 12.75% drop in the last 24 hours. With selling pressure intensifying, the pair hovers near its 24-hour low of $2.37.
Key Levels to Watch:
Resistance: $2.56 – A break above this level is needed to signal recovery.
Support: $2.25 – A breach here could open doors to further downside toward $2.00.
Indicators:
RSI at 30.19: Signals oversold conditions, suggesting a potential short-term bounce.
MACD: Momentum remains bearish, indicating limited immediate recovery potential.
Scenarios:
1. Upside Recovery: If buyers step in and reclaim $2.56, MELANIA could aim for $2.70 as the next target.
2. Further Decline: Losing $2.25 may result in accelerated selling toward $2.00, with risks of extended losses.
Traders should stay cautious and closely track support and resistance levels. Consider stop-loss measures to mitigate potential risks in this volatile market.
