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Short Setup: $M
I'm looking to short $M after its strong rally.
Entry: $1.670 to $1.720
Stop Loss: $1.795
Targets: $1.500, $1.350, $1.150
The 1H chart looks overheated after a 60% surge. RSI is in overbought territory, and price has moved too far above key moving averages, increasing the chances of a pullback. Funding is also rising, showing that longs are becoming crowded.
This setup is invalid if price reclaims and holds above $1.795.
Trade $M here 👇