🚀 $MELANIA
: Reversal Confirmed? Momentum is Building!
The $MELANIA token is showing classic signs of a bottom-out reversal. After a period of consolidation at the base, we are finally seeing a structural shift with the formation of higher lows.
The current price action suggests that the earlier selling pressure has been absorbed, and buyers are beginning to build momentum. With the RSI showing a healthy recovery from oversold territory, the stage is set for a breakout toward the upper resistance targets.
📈 The Long Setup
Entry Zone: 0.162 – 0.165 (Strong accumulation range)
Target 1 (TP1): 0.172 🎯
Target 2 (TP2): 0.180 🎯
Target 3 (TP3): 0.190 🚀
Stop Loss (SL): 0.154 🛡️ (Below the recent base support)
💡 Market Insight
The "Higher Low" pattern is one of the most reliable signals for a trend change. As long as $MELANIA holds above the 0.154 support level, the bullish bias remains in play. This setup offers a tight risk-to-reward ratio, perfect for capturing the next leg up.
Risk Note: Memecoins are highly sensitive to sentiment. Trade responsibly and avoid over-leveraging!
#MELANIA #MemeCoin #CryptoTrading #BullishReversal
Analysis by: Nabiha Noor
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