Jan. 11 at 1:54 PM
$MELI Strong bounce at multi-year trendline support 🔥
Weekly: Respecting that ascending support since 2022 — +10.37% bounce off the line. Will we see follow-through this week?
Daily: Sitting at equilibrium (
$2,178) after sweeping the discount zone. CHoCH signals building. Watching for:
Bullish: Break above
$2,085 → targeting premium zone
$2,400-
$2,600
Bearish: Lose
$2,034 → back to
$1,900 EQL
RSI at 62 with room to run. Volume picking up at lows 👀
Decision point. Bear or bull, we rule! 🐻🐂
— WaverVanir International