$M Signal | Pullback with multiple entries, low-level orders lurking


$M After a volume surge on the 4H chart, trading volume shrank, and the buying strength on the 1H chart continued to weaken, MACD histogram narrowed indicating declining momentum. The current price of 3.3656 has moved away from the suggested entry zone upper boundary, short-term pullback may be needed.
🎯Direction: Long (pullback orders)
⚡Entry/Order: 3.0655 (suggested zone lower boundary)
🛑Stop Loss: 3.0410
🚀Target 1: 3.1146
🚀Target 2: 3.1391
🛡️Trade Management: - Reduce 50% after reaching Target 1, move stop loss to entry price; if price falls back below 3.0655, exit.
The 4H Bollinger middle band at 2.9830 and EMA20 at 3.0594 form a strong support zone, RSI on 4H at 57.91 indicates no overbought condition, a pullback to around 3.06 offers a favorable risk-reward ratio. Funding rate at 0.0159% is normal, no short squeeze pressure. Waiting for confirmation of support after deep pullback.
Check real-time market 👇 $M
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