$MELANIA

USDT BEARISH SETUP – REJECTION EXPECTED FROM KEY RESISTANCE 🚨

Price action on $MEUSDT is showing signs of weakness near a strong resistance zone. The pair is currently trading at 0.741, facing rejection at the 0.742 resistance area.

🔑 Key Levels:

Resistance: 0.742 (Major rejection zone)

Support: 0.735 (Minor support), 0.726 (Strong support and potential target)

Current Price: 0.741

📉 Trade Setup (Short):

Entry: 0.741 – 0.742

Take Profit: 0.726

Stop Loss: 0.747

📊 Market Outlook: The market has retested the resistance multiple times but failed to break out. Bears are likely to take control from this zone leading to a short-term drop towards 0.726 support. However, a breakout above 0.747 would invalidate this setup and turn the structure bullish.

⚠️ Risk Management: Always use strict stop loss to protect capital. Risk only 1-2% per trade and avoid overleveraging, especially in ranging conditions like this.

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💬 Comment ‘🔥’ if you caught this setup early!