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

$MELANIA on 1H timeframe experienced a brief pullback before surging with volume in the early morning session, breaking above previous highs with strength and establishing itself above short-term moving averages, forming a clear breakout structure. While the 4H level is experiencing high-level consolidation, price has stabilized above key moving averages, and open interest remains stable, indicating that capital hasn't exited the market, providing a foundation for short-term upside continuation. Current price has pulled back slightly, which is an ideal opportunity to target the breakout retest confirmation.

🎯 Direction: Long

⚡ Entry/Orders: 0.120 - 0.123

🛑 Stop Loss: 0.119

🚀 Target 1: 0.137

🚀 Target 2: 0.144

🛡 ️Trade Management:

- Execution Strategy: Once price reaches the first target of 0.137, reduce position by 50% to lock in profits, and move the stop loss of remaining position up to entry price 0.123. If price breaks above 0.144 with strength, consider holding partial position for larger gains.

Deep Logic: 1-hour RSI is in a healthy zone, showing sufficient momentum. Order book data shows thick buying depth with dense support below, especially with large buy orders accumulating in the 0.126-0.127 zone, providing solid cushion for price. Combined with market logic, price rising with stable open interest looks more like institutional capital pushing rather than pure short covering, with solid bullish structure.

View Real-time Chart 👇 $MELANIA

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