Technical analysis by MoriartyTrading about Symbol MELANIA: Sell recommendation (2/10/2025)

📉 SHORT MELANIAUSDT.P from $1.420🛡 Stop Loss: $1.440⏱ 1H Timeframe✅ Overview:➡️ MELANIAUSDT.P continues its bearish trend, failing multiple times to break above resistance $1.469.➡️ POC at $1.469 indicates a strong liquidity zone, acting as resistance and reinforcing bearish pressure.➡️ The price broke below $1.424, confirming further downside momentum.➡️ The next key support level is $1.380, which is the primary target for this short setup.⚡ Plan:📉 Bearish Scenario:➡️ Enter SHORT from $1.420, as the price continues its decline.➡️ Manage risk with Stop-Loss at $1.440 to protect against a potential reversal.➡️ Main downside target:🎯 TP Target:💎 TP1: $1.380 — the nearest support level for profit-taking.📢 If the price MELANIAUSDT.P remains below $1.424, the downtrend is likely to continue. 📢 However, a move back above $1.440 could invalidate the short setup. 🚀 MELANIAUSDT.P Expecting further bearish movement!