$MELANIA /USDT SHORT SETUP
Reason: The 15-minute chart shows a sharp sell-off from the 0.1138 local high, dropping aggressively to find a temporary floor at 0.1067. The subsequent relief bounce has been notably weak, and the price is currently consolidating in a tight, low-volume range. This price action resembles a bearish flag continuation pattern. The lack of strong buying interest suggests that sellers remain in control and are gearing up for another leg down. Because successful trading is often 10% strategy and 90% mindset and psychology, it is important to stay disciplined here and wait for the breakdown confirmation rather than front-running the move.
Entry: 0.1075 - 0.1085
TP 1: 0.1067 (Retest of the recent local low)
TP 2: 0.1055
TP 3: 0.1040
Stop Loss: 0.1095
MELANIAUSDT
Διην.
0.07382
-6.88%