【$MELANIA Signal】Long + 1H Breakout Retest Confirmation

$MELANIA experienced a sharp pullback on the 1H timeframe, then surged with increased volume during the early morning session, strongly breaking through the previous high and establishing itself above the short-term moving average, forming a clear breakout structure. Although the 4H timeframe is oscillating at high levels, the price has stabilized above key moving averages, and open interest remains stable, indicating funds have not exited, providing a foundation for continued short-term upwards movement. The current slight pullback in price is an excellent opportunity to target the breakout retest confirmation.

🎯 Direction: Long

⚡ Entry/Orders: 0.120 - 0.123

🛑 Stop Loss: 0.119

🚀 Target 1: 0.137

🚀 Target 2: 0.144

🛡 ️Trade Management:

- Execution Strategy: Once price reaches the first target of 0.137, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.123. If price breaks through 0.144 strongly, consider holding part of the position for greater potential gains.

In-Depth Logic: RSI on the 1-hour chart is in a healthy zone, indicating sufficient momentum. Order book data shows strong buying depth with dense support below, especially with significant buy orders accumulated in the 0.126-0.127 range, providing solid buffering for price. Combined with market logic, price rises accompanied by stable open interest appears more like institutional capital pushing rather than pure short covering, indicating a solid bullish structure.

View Real-Time Chart 👇 $MELANIA

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