#MELANIA going DOWN Day By Day from $13 to $1....$MELANIA /USDT Approaching Critical Levels – Prepare for a Major Move....❓ #MELANIA /USDT is trading at $1.67, down 7.07% in the last 24 hours, with a 24-hour high of $1.811 and low of $1.562. The price is consolidating within a narrowing range, indicating potential breakout or breakdown momentum.
Key Levels to Watch:
Resistance: $1.800 – A breakout above this level could push MELANIA toward $2.00 and $2.20.
Support: $1.560 – A breakdown below could lead to $1.40 or lower levels.
Trade Setup:
Long Entry: Above $1.800, targeting $2.00 and $2.20. Stop-loss at $1.660.
Short Entry: Below $1.560, targeting $1.40 and $1.20. Stop-loss at $1.700.
Technical Indicators:
RSI: At 31.63, nearing oversold territory, signaling a potential reversal or consolidation.
MACD: Negative but flattening, suggesting weakening bearish momentum.
Market Insight:
With RSI indicating oversold conditions and price action forming a wedge, watch for a decisive move in either direction. Tight stop-loss management is advised due to heightened volatility.
