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
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