【$M Signal】Long! 1H pullback confirmation, main force clearly defending the market

$M The 1H timeframe has experienced a surge and is now in a healthy pullback confirmation stage. The price is supported around 1.517, with the 1H EMA20 (1.4722) providing strong trend support. The 4H timeframe has already stabilized above EMA20 (1.4184), indicating a bullish longer-term trend. The key point is: the price retreated from the high of 1.565, but open interest (OI) remains stable and did not drop sharply with the price decline, implying that the main force has not exited but is actively shaking out weak hands. Market depth shows selling pressure concentrated above 1.52; once broken, it will trigger short covering.

🎯Direction: Long (Long)

🎯Entry/Order: 1.517 - 1.520 (Reason: Current support zone, lower edge of 1H candlestick body )

🛑Stop Loss: 1.495 (Reason: Break below 1H previous low and EMA50 support, ATR-based stop loss )

🚀Target 1: 1.565 (Reason: Previous high resistance, also the intraday high )

🚀Target 2: 1.620 (Reason: 4H resistance level, 1.618 extension level )

🛡️Trade Management:

- Position size suggestion: Standard lot (Reason: 4H and 1H trend resonance, risk-reward ratio >1.5 )

- Execution strategy: After the price reaches Target 1 at 1.565, reduce position by 50%, and move the remaining stop loss to the entry price of 1.517 (break-even). If the price strongly breaks through 1.565 and stabilizes, hold the remaining position to target 1.620.

Market depth logic: Funding rate is only 0.0166%, with no overheating risk. The 1H RSI (64.83) has retreated from overbought territory to a healthy zone, preparing for another upward move. Market imbalance is at -7.76%, indicating slightly weaker buying pressure, but there are dense orders in the 1.516-1.517 range (over 1000 orders), forming a strong support. Combining the market logic of ‘price rising, open interest stable,’ this appears to be a healthy correction under main force support rather than a trend reversal.

Check real-time market 👇 $M

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