【$MELANIA Signal】Pullback Long + 1H Level Strong Retest Confirmation

$MELANIA 1H level is currently in a healthy pullback consolidation phase after experiencing massive gains. Price has retraced from the 0.142 high, but the key support level shows unusually thick bid depth, indicating strong intent to support the price. A massive bullish candle on the 4H level established an uptrend; the current pullback is an excellent opportunity for a second entry.

🎯 Direction: Long

⚡ Entry/Orders: 0.1166 - 0.1196

🛑 Stop Loss: 0.1144

🚀 Target 1: 0.1404

🚀 Target 2: 0.1508

🛡 ️Trade Management:

- Execution Strategy: Once price reaches Target 1, reduce position by 50% and lock in profits, while moving the stop loss of the remaining position up to entry price. If price breaks Target 1 strongly, move the remaining position stop loss to trail and pursue Target 2.

Deep Logic: Although the 1-hour RSI is at elevated levels, this is normal for strong altcoins. The key is that open interest remains stable and hasn't declined significantly despite price pullback, indicating that bullish whales haven't exited. Order book data shows massive buy orders accumulated in the 0.128-0.130 zone below, forming strong support. Combined with negative funding rates, there's squeeze risk for shorts. Current price is far from the 1-hour moving average; patiently waiting for pullback to the optimal entry zone offers higher win rate.

View Live Chart 👇 $MELANIA

---

Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
‍#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨