The situation with the meme coin MELANIA doesn't look good.
There is limited data available for this meme coin, but on the chart, 3 ABC waves of a pattern can be identified.
If wave C drops to the 0.618 or 0.786 Fibonacci levels of wave A, it may reach the specified targets on the chart.
The chart currently lacks a trigger for entering a position.
For a sell/short position, it's better to wait for the price to reach the red zone. For a buy/long position, we need to see reversal patterns along with confirmations.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
There is limited data available for this meme coin, but on the chart, 3 ABC waves of a pattern can be identified.
If wave C drops to the 0.618 or 0.786 Fibonacci levels of wave A, it may reach the specified targets on the chart.
The chart currently lacks a trigger for entering a position.
For a sell/short position, it's better to wait for the price to reach the red zone. For a buy/long position, we need to see reversal patterns along with confirmations.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade closed: target reached
Both targets have been hit, and the price has dropped over 70% from the analyzed level so far.
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Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.
🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
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.