Aug. 18 at 12:47 PM
$MELI: THE NEXT LEG COULD GET INTERESTING 👀
The long-term chart is setting up a pretty clear roadmap:
$1,950 breakout →
$2,070 →
$2,200 →
$2,500+
The key is ~
$1,950. Reclaim that resistance and MELI could quickly shift from recovery to breakout.
But here’s the potential accelerant:
🌎 International/LatAm rotation
📈 Relative strength vs. U.S. tech
🔥 Break above
$1,950
⚡ Momentum + institutional flows
If those happen together, the move may not be gradual.
Above ~
$2,200, the old highs around
$2,500–
$2,650 come back into view.
Break those?
$MELI enters price discovery.
The next leg could be much bigger than people expect. 👀
