【$M Signal】Long + 1H Breakout of Bollinger Upper Band


$M 1H RSI 81.68, price has been pushing higher after breaking away from the Bollinger Upper Band at 1.0474. The MACD histogram has expanded for four consecutive bars, with no signs of momentum decay. Ask depth accounts for 56%, but price refuses to pull back, with buying liquidity continuously replenished.

🎯Direction: Long

⚡Entry/Limit Order: 1.108465 - 1.111800

🛑Stop Loss: 1.056210

🚀Target 1: 1.195185

🚀Target 2: 1.236877

🛡️Trade Management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If price falls back to the entry level, exit automatically to protect capital.

4H Bollinger Bands are widening rapidly, with good trend continuation. Entering at a high level offers a reasonable risk-reward ratio, but the risk of a sharp drop in the overbought zone needs to be factored into position management.

View real-time quotes 👇 $M
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