$MELANIA /USDT Major Breakdown Alert – Critical Support Zone Tested.... #MELANIA is trading at $1.908, down 9.66%, after failing to hold above the $2.00 psychological level. The price is nearing a critical support zone, which could determine the next move.
Key Levels to Watch:
Support: $1.90 – A breach below this level could drive the price toward $1.85 or lower.
Resistance: $2.00 – Reclaiming this level is vital to shift momentum back to the bulls.
Indicators:
RSI: At 32, nearing oversold territory, suggesting potential for a bounce but with caution.
MACD: Showing bearish momentum, with no immediate signs of recovery.
Trade Setup:
Short Entry: Below $1.90, targeting $1.85 and $1.80.
Long Entry: Above $1.95, aiming for $2.00 and $2.05.
Stop-loss: $1.95 for shorts and $1.90 for longs.
💡 Pro Tip: Monitor the RSI closely for potential reversal signals. A decisive break below $1.90 could trigger further sell-offs. Use tight stop-losses to manage risk effectively.
