MELANIA Looks Bearish (1H)

1月23日

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

3月5日

交易結束：目標達成

Both targets have been hit, and the price has dropped over 70% from the analyzed level so far.