🚨 $MELANIA /USDT ALERT: Oversold and Ready for a Reversal? 🚨
$MELANIA /USDT is trading at $2.093, reflecting a 6.23% decline over the last 24 hours. The pair is testing its 24-hour low of $2.027, with the high at $2.236, signaling potential volatility ahead.
Key Levels to Watch:
Resistance: $2.150 – Breaking above this level could lead to targets of $2.200 and $2.250.
Support: $2.000 – A drop below this level could see further downside to $1.950 and $1.900.
Trade Setup:
Bullish Scenario:
Entry: Above $2.150.
Targets: $2.200, $2.250.
Stop Loss: $2.050.
Bearish Scenario:
Entry: Below $2.000.
Targets: $1.950, $1.900.
Stop Loss: $2.050.
Technical Indicators:
RSI: 31.40 – Oversold territory, suggesting a potential bounce.
MACD: Bearish, but showing signs of flattening, hinting at reduced selling momentum.
Market Insight:
The significant sell-off has pushed MELANIA/USDT into oversold conditions. With trading volumes of $250.57M, a reversal may be imminent if buyers step in near current support. However, a failure to hold above $2.000 could exacerbate the downtrend.
Stay alert for a breakout or breakdown at these critical levels!
