my personal opinion Market Outlook: Slightly Bullish 📈
RSI (57): Bullish momentum.
EMA 7 is above EMA 25, showing short-term recovery.
Buyers are attempting to regain control after a recent dip.
🎯 Next 1-Hour Targets:
Resistance 1: $1,538.35
Resistance 2: $1,542
Support 1: $1,536
Support 2: $1,533
Prediction: $MELI may test $1,540–$1,542 if buying pressure continues. A drop below $1,533 could bring further downside.#BinanceReopensWithdrawalsForMoreAssets #USStocksSufferSteepestRoutSince2020
RSI (57): Bullish momentum.
EMA 7 is above EMA 25, showing short-term recovery.
Buyers are attempting to regain control after a recent dip.
🎯 Next 1-Hour Targets:
Resistance 1: $1,538.35
Resistance 2: $1,542
Support 1: $1,536
Support 2: $1,533
Prediction: $MELI may test $1,540–$1,542 if buying pressure continues. A drop below $1,533 could bring further downside.#BinanceReopensWithdrawalsForMoreAssets #USStocksSufferSteepestRoutSince2020
