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

$MELANIA on the 1H timeframe experienced a brief pullback before surging with increased volume in the early morning hours, strongly breaking above the previous high and firmly establishing itself above short-term moving averages, forming a clear breakout structure. Although the 4H level is oscillating at elevated levels, the price has stabilized above key moving averages, and open positions remain steady, indicating that funds have not exited, providing a foundation for short-term continuation. The current slight pullback is an excellent opportunity to target the breakout retest confirmation.

🎯Direction: Long

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

Depth Logic: The 1H RSI is in a healthy zone, showing sufficient momentum. Order book data reveals substantial buy-side depth with dense support below, especially with large buy orders accumulating in the 0.126-0.127 range, providing solid buffer for the price. Combined with market logic, the price rise accompanied by stable open positions 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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