$MELANIA
Trading Analysis
Long Liquidation: $24.313K at $1.663
(A long liquidation occurs when leveraged long positions are forcefully closed due to price declines.)
Market Sentiment & Next Move
1. Long Liquidation Impact:
The liquidation at $1.663 indicates selling pressure.
This suggests that many traders got stopped out, leading to a potential price drop.
However, liquidations often create short-term opportunities as the price stabilizes.
2. Technical Outlook & Buy Zone
Support Zone: $1.58 – $1.65 → Possible accumulation area
Resistance Zone: $1.72 – $1.78 → Key breakout level
Buy Zone: $1.58 – $1.63 (Ideal entry for a possible bounce)
3. Target Levels
Target 1: $1.72 (Initial resistance, safer profit-taking level)
Target 2: $1.80 (Breakout level, higher upside potential)
Target 3: $1.92+ (If momentum strengthens, bullish continuation)
4. Stop-Loss & Risk Management
Stop Loss: $1.55 (Below major support, prevents deep losses)
Risk-Reward Ratio: 1:2 or higher (Ensures favorable risk management)
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Strategy Suggestion
✅ For Aggressive Traders: Buy near $1.60 with a tight SL at $1.55 for a quick rebound.
✅ For Conservative Traders: Wait for $1.63 – $1.65 consolidation before entering.
✅ For Scalpers: Watch the $1.72 resistance and take profits gradually.-
Final Thoughts
If $1.58 holds, we may see a rebound to $1.72+ soon.
If $1.55 breaks, be cautious of further downside.
Track volume and liquidation data for confirmation.
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