#MELANIAUSDT further bearish movement!

310
📉 SHORT MELANIAUSDT.P from $1.420
🛡 Stop Loss: $1.440

⏱ 1H Timeframe

✅ Overview:
➡️ MELANIAUSDT.P continues its bearish trend, failing multiple times to break above resistance $1.469.
➡️ POC at $1.469 indicates a strong liquidity zone, acting as resistance and reinforcing bearish pressure.
➡️ The price broke below $1.424, confirming further downside momentum.
➡️ The next key support level is $1.380, which is the primary target for this short setup.

⚡ Plan:
📉 Bearish Scenario:
➡️ Enter SHORT from $1.420, as the price continues its decline.
➡️ Manage risk with Stop-Loss at $1.440 to protect against a potential reversal.
➡️ Main downside target:

🎯 TP Target:
💎 TP1: $1.380 — the nearest support level for profit-taking.

📢 If the price MELANIAUSDT.P remains below $1.424, the downtrend is likely to continue.
📢 However, a move back above $1.440 could invalidate the short setup.

🚀 MELANIAUSDT.P Expecting further bearish movement!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.