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

$MELANIA At the 1H level, after a brief pullback, the price surged with increased volume during the early morning hours, breaking through the previous high with strength and stabilizing above the short-term moving average, forming a clear breakout structure. Although the 4H level is experiencing high-level consolidation, the price has stabilized above key moving averages, and open interest remains steady, indicating that capital has not exited the market, providing a foundation for short-term upside. The current slight pullback is an excellent opportunity to enter on the retest confirmation following the breakout.

🎯Direction: Long

⚡Entry/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 for the remaining position up to the entry price of 0.123. If price breaks through 0.144 strongly, consider holding part of the position to capture greater upside.

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

View Real-time Chart 👇 $MELANIA

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