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📈 $M The ongoing breakout after accumulation, the momentum is still maintained
After a relatively solid foundation phase, $M has made a clear breakout with a good expansion range, and the price structure continues to maintain a higher low. This indicates that buying pressure has not weakened but is gradually controlling the market rhythm.
💸 Currently, the 4.20 – 4.35 zone is considered a potential entry area when the price slightly retests the old support. This is a balanced zone between risk and reward, suitable for trend-following strategies.
The 4.50 level acts as a boundary confirming the uptrend. When the price stays above this zone, the bullish structure remains intact, and buyers continue to hold the advantage.
Profit-taking targets are identified as follows:
• TP1: 4.70 – the nearest short-term resistance zone
• TP2: 5.10 – an area where medium-term profit-taking pressure may appear
• TP3: 5.60 – an expanded target based on the breakout range
⛔ Stop-loss at 3.95 to protect the account in case the structure breaks down and the upward momentum is no longer sustained.
Overall, this is a trend-following trading setup, prioritizing buying on corrections rather than chasing prices. Strict money management and disciplined adherence will be key factors in the success of this plan.
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