【$M Signal】Pullback to go long, 4H level short squeeze structure initially appears

$M 1H level rebound after pullback to EMA20, buy orders around 4.27 significantly outweigh sell orders, capital support intentions exposed. 4H MACD histogram still expanding, but 1H momentum slightly contracting, this is a typical upward consolidation.

Current price at 4.29, chasing higher directly offers poor risk-reward. A better strategy is to wait for a healthy pullback.

🎯Direction: Pullback to go long

⚡Entry/Order placement: Lay in wait near the lower boundary of the 3.8193 - 4.2700 range, such as around 3.85-3.90.

🛑Stop loss: 3.5113

🚀Target 1: 4.4355

🚀Target 2: 4.7435

🛡️Trade management: - Execute strategy: After reaching Target 1, cut half of the position, move the remaining stop loss up to the entry price. If the price fails to break upward and instead falls back into the entry zone, exit unconditionally.

Order book depth shows a -15.43% imbalance, with relatively sparse sell orders, creating conditions for a slight upward push. The middle band of the 1-hour Bollinger Bands at 4.076 and the 4H EMA20 at 3.811 form a double support zone, combined with a positive funding rate, indicating potential for a short squeeze. The key is whether the price can hold the 4.0-4.1 psychological level during the pullback; holding it will allow upward momentum to re-accumulate.

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