$M 1.1924 just broke through 0.68 and surged 71%. Now my hands are shaking as I watch the screen — this rapid rise has a 24-hour trading volume of $138 million, but 1.3289 is the wick top. Dare you bet it will repeat the last round? After breaking the double bottom of 0.7-0.68, there was a violent washout. The whales are clearly forcing short squeezes, but I've seen the script of a high-level plunge too many times.

Think carefully about this contradictory data: up 71% in 24 hours but the highest price is 11% higher than the current price, meaning some people have already sold off at the top. If you chase the rally now, you'll most likely get stuck in the 1.25-1.3 resistance zone. Scenario analysis: 1) If $M holds above 1.22 before 8am tomorrow, it will test the previous high of 1.3289, but will quickly pull back to 1.18 after breaking through; 2) If it falls back below 1.05, the support at 0.86 will be retested, and that level is the real accumulation zone for bulls. Don't be greedy for the whole fish; it's safest to take the head and run.
Operation suggestion: Place a 5% position short order near the current price of 1.19, stop loss at 1.33, take profit at 0.95; if it breaks below 1.05, you can increase the position to 10%, with take profit target at 0.86. Spot traders should wait for a pullback to the 0.86-0.9 range to accumulate in batches, and don't chase highs above 1.2.
I am the old retail investor who always tells you to reduce positions before a crash. I've been watching this coin for three months, and every time there's a rapid surge, a death cross appears. Now the countdown begins: if $M closes below 1.08 within 24 hours, I will go live on the square to clear my position. Dare you bet that I'm right this time?