Technical analysis by TehLamboX about Symbol MELANIA: Buy recommendation (7/16/2025)

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