📢 MELANIAUSDT (Perpetual Futures) Trading Signal – 1st Feb 2025 📢

🔹 Current Price: $1.815 USDT (-11.72%)

🔹 Futures Price: $1.910 USDT

🔹 Basis Rate: -0.08% (slightly bearish)

🔥 Latest Market News:

📌 Exchange Listings: On Jan 20, 2025, Binance launched MELANIAUSDT Perpetual Contracts with up to 25x leverage, boosting its market cap beyond $2 billion. (Source)

📌 Recent Price Action: After Binance’s listing, MELANIA surged +75%, reaching $13.06 before stabilizing near $12.59. (Source)

📌 Current Sentiment: The hype is cooling down, and recent bearish trends suggest caution in the short term.

📊 Technical Analysis:

📉 Downtrend Alert: MELANIA has dropped -11.72%, signaling a possible correction.

🔸 Negative Basis Rate (-0.08%) suggests that futures traders expect a slight decline in the near term.

🟢 Support Levels: Watch for stabilization before entering a long position.

🔮 Future Price Estimation:

📉 Short-Term: High volatility, possible further correction if no positive catalyst appears.

📈 Mid to Long-Term: Major exchange support may help recovery if demand increases.

💡 Trading Recommendation:

✅ For Buyers: Wait for clear signs of reversal before entering.

✅ For Holders: Monitor support levels—if they break, consider risk management strategies.

🚨 Risk Disclaimer: Crypto markets are highly volatile. This is not financial advice—do your own research before investing! 🚨

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