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$M Signal】Pullback on the callback, low absorption setup
$M 1H RSI 63.67, buying momentum waning, deep imbalance -29.61% sellers dominate, price fell from high of 3.8 to 3.37. 4H Bollinger upper band 3.4235 acts as resistance, MACD 1H histogram shrinking indicates short-term bullish exhaustion. Wait for the price to retest the 3.03-3.35 range before re-entering.
🎯Direction: Long (pullback order)
⚡Entry/Order: 3.0306 - 3.3529, suggest placing an order near 3.03
🛑Stop loss: 3.0064
🚀Target 1: 3.0791
🚀Target 2: 3.1034
🛡️Trade management: - Reduce position by 50% upon reaching T