MELOS/USDT Preparing for a Bullish Journey? 👀🚀MELOS Analysis

٢٢ ديسمبر ٢٠٢٣

💎 Paradisers, turn your attention to MELOSUSDT, as it is demonstrating significant market activity. The asset is showing signs that point towards a potential bullish movement from a key support level.

💎 Recently, MelosStudio faced a hurdle at the $0.0037 resistance level. Currently, if MELOS manages to hold its momentum at the critical support level of $0.0030, we could be looking at the potential for a bullish trend to continue from this point.

💎This positive outlook is bolstered by MELOS' strong performance above the EMA, indicating a likelihood of sustained upward movement from the support.

💎 However, should MELOS fail to sustain its position above the $0.0030 support, a change in market approach may become necessary. In such a scenario, we might need to anticipate a bearish trend beginning from a lower demand zone. Importantly, a drop below this support level would suggest a possible shift to a downward trend.

💎 Stay vigilant and prepared, Paradisers. Your ParadiseTeam is committed to providing you with the essential insights to navigate these market conditions, ensuring that your trading decisions are both informed and strategically sound.