[$M Signal] Short-term short attack, 1H surge and drop resistance level


$M 1H surged and dropped, leaving a long upper shadow at the Bollinger Band upper rail 0.7276. MACD bullish energy bars have narrowed for three consecutive ones. RSI slipped from 70 to 56, buying momentum exhausted. Deep sell orders pile up around 0.70, selling pressure continues to emerge.
🎯Direction: Short
⚡Entry/Pending Order: 0.696504 - 0.698600
🛑Stop Loss: 0.705586
🚀Target 1: 0.688121
🚀Target 2: 0.682881
🛡️Trade Management: After reaching Target 1, reduce position by 50%, move stop loss to breakeven; if price rebounds to entry, exit and observe.
Current risk-reward ratio is 1.5, risk is controllable, suitable for short-term trading. Funding rate is stable at 0.005%, no extreme long-short imbalance, leaving room for shorts.
View real-time quotes 👇 $M
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