$MELANIA ...... Bearish Breakdown
#MELANIA has been sharply rejected from the 0.16474 spike and has formed a series of lower candles on the 1H chart. Price is now consolidating around 0.10915, and continued weakness below 0.11343 could expose the next support levels.
Entry: 0.1100 – 0.1140
TP1: 0.1040
TP2: 0.0949
TP3: 0.0806
SL: 0.1190
A rejection from the 0.11343 area keeps the short setup valid. If #MELANIA breaks below 0.1040 with momentum, sellers could drive the price toward 0.0949 and 0.0806.
Sell & Trade $MELANIA
#MELANIA has been sharply rejected from the 0.16474 spike and has formed a series of lower candles on the 1H chart. Price is now consolidating around 0.10915, and continued weakness below 0.11343 could expose the next support levels.
Entry: 0.1100 – 0.1140
TP1: 0.1040
TP2: 0.0949
TP3: 0.0806
SL: 0.1190
A rejection from the 0.11343 area keeps the short setup valid. If #MELANIA breaks below 0.1040 with momentum, sellers could drive the price toward 0.0949 and 0.0806.
Sell & Trade $MELANIA