【$M Signal】1H pullback long entry, buy-side depth support


$M After hitting a high of 0.8499, it pulled back to 0.7954. The 1H Bollinger Band upper rail at 0.8259 acts as resistance. The MACD histogram is shrinking, indicating short-term momentum weakening. Buy-side depth ratio is 1.34, with ongoing buying absorbing selling pressure below. The 4H Bollinger Band middle rail at 0.6799 is moving up, and the trend structure remains intact. This post-rally shrinking consolidation offers a reasonable risk-reward ratio, but one should be cautious of a second bottom test to confirm support.
🎯Direction: Long
⚡Entry/Limit Order: 0.793014 - 0.795400
🛑Stop Loss: 0.787446
🚀Target 1: 0.807331
🚀Target 2: 0.813297
🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to break-even. If price falls back to entry, exit automatically to protect principal.
View real-time quotes 👇 $M
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