After months of compression within a well-respected falling channel, #MELANIA has printed a high-volume breakout above the channel resistance — confirming a reversal structure with strong momentum expansion.
🔍 Technical Confirmation:
• Breakout from long-term downtrend resistance
• Multiple clean touches on channel boundaries (valid structure)
• Bullish engulfing candle with volumetric confirmation
• Price action suggests potential retest before continuation
🎯 Upside Targets based on measured move and fib projections:
→ $0.40 (structural pivot zone)
→ $0.50 (supply confluence)
→ $0.80 (channel height projection)
Watch for bullish retest of breakout zone to confirm continuation
🔍 Technical Confirmation:
• Breakout from long-term downtrend resistance
• Multiple clean touches on channel boundaries (valid structure)
• Bullish engulfing candle with volumetric confirmation
• Price action suggests potential retest before continuation
🎯 Upside Targets based on measured move and fib projections:
→ $0.40 (structural pivot zone)
→ $0.50 (supply confluence)
→ $0.80 (channel height projection)
Watch for bullish retest of breakout zone to confirm continuation
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.