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$MELANIA Bearish Alert!🚨
The 15-minute chart has just confirmed a downtrend, current price is 0.1352. The current dynamic resistance (trend tracking line) is firmly pressing at 0.1365, and the price is being pushed down and cannot move!
Even more alarming is the MACD, with extremely strong bearish momentum. The histogram depth is negative and has plummeted over 138%! This indicates that selling pressure is rapidly accelerating🩸.
The price is tightly hugging the resistance, with less than 0.95% rebound space (less than 1 ATR). Once the current platform is broken, there is almost no safety below, with the nearest support at 0.1241, offering a large space.
Conclusion: The bearish trend has just begun, with strong momentum. Any rebound near 0.1365 is a potential opportunity to add to short positions. Bulls, please be extremely cautious!🔻