$M Signal | 1H bullish momentum waning, short attack under 4H Bollinger Upper Band resistance

$M Depth order ratio of 2.19 shows strong buy-side support, but the 1H MACD histogram has retracted from its high, and the price has repeatedly tested 0.69 without firmly holding. The 4H Bollinger Upper Band at 0.7892 is far above the current price, but the middle band at 0.6751 is a recent dense trading zone, where bulls and bears have been repeatedly battling. The current 1H RSI at 56.66 is neutral-to-weak, the funding rate at 0.0042% is low and OI is stable, unable to provide upward squeeze momentum. The buying strength at high levels has started to show gaps, and the 15-minute chart has consecutively printed upper shadows, with liquidity being slowly consumed.
🎯Direction: Short
⚡Entry / Pending Order: 0.687332 – 0.689400
🛑Stop Loss: 0.696294
🚀Target 1: 0.679059
🚀Target 2: 0.673889
🛡️Trade Management: - Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If the price falls back to the entry level, exit automatically to protect principal.
From the order book, the order volume forms slight resistance above 0.69, while buy orders are sparse below 0.686. If the price quickly breaks below 0.686, bearish sentiment may spread. The risk-reward ratio for this trade is about 1.5, with a clear short-term resistance level, worth a try.
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