📊 Candlestick Analysis: The chart shows a dramatic spike reaching a high of $11.69, followed by a sharp decline to $2.40. The bearish momentum is evident with consecutive red candles, signaling intense selling pressure after a pump.
📈 Technical Analysis:
Key Resistance Levels: $3.93 and $5.99. These levels may act as barriers if the price attempts a recovery.
Key Support Level: $2.34, which is currently the 24h low. If broken, further downside is expected.
📉 RSI Analysis:
RSI (6): 8.75
RSI (14): 10.37 Both RSI values are in the extreme oversold zone, indicating the asset is heavily undervalued. However, this does not confirm immediate reversal unless buying momentum builds.
🔎 SMC Prediction:
Short Signal: If the price breaks below $2.34 with high volume, consider shorting with a target near $2.00.
Long Signal: A reversal confirmation above $2.60 with increased volume may lead to a recovery. Potential long targets: $3.00 and $3.50.
⚠️ Risk Warning: The sudden pump-and-dump behavior suggests possible manipulation. Trade cautiously with tight stop losses. #TrumpCryptoOrder #melianamemecoin
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🚨 $BTC /USDT ALERT: Critical Levels in Focus – Will BTC Break Through? 🚨 Bitcoin is trading at $99,512.82, showing a decline of -1.27% over the past 24 hours. After hitting a 24-hour high of $102,540, BTC has pulled back but is holding steady above key support levels. The market is poised for its next significant move. Targets to Watch: 1. $100,500 – Immediate resistance; clearing this could pave the way for further gains. 2. $102,540 – A retest of the recent high would confirm bullish momentum. 3. $105,000 – Major breakout target, signaling strong upward potential. Key Levels: Support Zone: $99,200 – Critical to maintaining bullish sentiment; a breakdown here could lead to a test of $96,800. Resistance Zone: $100,500 – BTC needs to reclaim this level to aim for higher targets. ⚠️ With volatility increasing, stay cautious and manage your trades wisely. Watch these levels closely for optimal entries and exits. #BTC☀ #bitcoin☀️ #Share1BNBDaily #Write2Earn! $BTC