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

$MELANIA on the 1H timeframe experienced a brief pullback before surging on volume during early morning hours, powerfully breaking above the previous high and holding steadily above the short-term moving averages, forming a clear breakout structure. Although the 4H level is oscillating at elevated levels, price has stabilized above key moving averages, and open interest remains stable, indicating funds have not exited, providing a foundation for continued short-term upside. Current price has pulled back slightly, presenting an excellent opportunity to capitalize on 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: After 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 partial positions for larger gains.

Depth Logic: The 1-hour RSI is in a healthy zone, indicating sufficient momentum. Order book data shows strong buying depth with dense support below, particularly in the 0.126-0.127 range where significant buy orders are stacked, providing solid buffering for price. Combined with market logic, price appreciation accompanied by stable open interest appears more likely driven by institutional capital rather than simple short covering; the bullish structure is solid.

View Real-Time Chart 👇 $MELANIA

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