$MELI
**BEARISH CONTINUATION SETUP – SELL PRESSURE IN FOCUS**
**Current Price:** $1,479.70
**EP (Entry Price):** $1,479 – $1,483
**TP1:** $1,472
**TP2:** $1,466
**TP3:** $1,460
**SL (Stop Loss):** $1,490
**Market Structure & Technical Analysis:**
MELI is showing weakening short-term momentum on the 15-minute chart. Price faced strong rejection near $1,493 and sellers quickly pushed the market lower, breaking the previous consolidation structure.
The recent recovery from $1,465.69 shows buying interest, but bullish strength remains unconfirmed. The $1,483–$1,486 zone is now an important resistance area, while $1,471 and $1,465.69 remain key downside liquidity levels.
**Why This Setup Favors Sellers:**
The immediate structure favors bearish continuation as long as price remains below $1,486. Weak recovery momentum and repeated selling pressure increase the possibility of another support test.
A rejection from the entry zone could open the path toward $1,472, followed by $1,466 and potentially $1,460. A strong 15-minute reclaim above $1,486 would weaken this bearish setup.
Stay disciplined and respect the stop loss.
$MELI
#RippleRLUSDMarketCapSurpassesPayPalPYUSD #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #SpaceXTeslaMergerTalksWouldCombine30220BTC #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinCoreDisclosesTorTrafficVulnerability
**BEARISH CONTINUATION SETUP – SELL PRESSURE IN FOCUS**
**Current Price:** $1,479.70
**EP (Entry Price):** $1,479 – $1,483
**TP1:** $1,472
**TP2:** $1,466
**TP3:** $1,460
**SL (Stop Loss):** $1,490
**Market Structure & Technical Analysis:**
MELI is showing weakening short-term momentum on the 15-minute chart. Price faced strong rejection near $1,493 and sellers quickly pushed the market lower, breaking the previous consolidation structure.
The recent recovery from $1,465.69 shows buying interest, but bullish strength remains unconfirmed. The $1,483–$1,486 zone is now an important resistance area, while $1,471 and $1,465.69 remain key downside liquidity levels.
**Why This Setup Favors Sellers:**
The immediate structure favors bearish continuation as long as price remains below $1,486. Weak recovery momentum and repeated selling pressure increase the possibility of another support test.
A rejection from the entry zone could open the path toward $1,472, followed by $1,466 and potentially $1,460. A strong 15-minute reclaim above $1,486 would weaken this bearish setup.
Stay disciplined and respect the stop loss.
$MELI
#RippleRLUSDMarketCapSurpassesPayPalPYUSD #Anthropic’s6xIPODemandSignalsPotentialRecordRaise #SpaceXTeslaMergerTalksWouldCombine30220BTC #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinCoreDisclosesTorTrafficVulnerability
