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

$MELANIA saw a brief pullback on 1H timeframe, followed by a volume surge during early morning hours. It strongly broke through previous highs and firmly established above short-term moving averages, forming a clear breakout structure. Although the 4H level is oscillating at high prices, the price has stabilized above key moving averages, and open interest remains stable, indicating that funds have not exited. This provides a foundation for short-term upside continuation. Current price has pulled back slightly, making this an excellent opportunity to capture the breakout retest confirmation.

🎯Direction: Long

⚡Entry/Limit Order: 0.120 - 0.123

🛑Stop Loss: 0.119

🚀Target 1: 0.137

🚀Target 2: 0.144

🛡️Trade Management:

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

Deep Logic: 1-hour RSI is in a healthy zone, showing sufficient momentum. Order book data shows substantial buying depth with dense support below, especially with large buy orders accumulated in the 0.126-0.127 range, providing solid buffer for price. Combined with market logic, rising price accompanied by stable open interest looks more like major capital pushing rather than simple short squeeze, with solid bullish structure.

View Live Market 👇 $MELANIA

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