$M USDT Perp – Bearish Continuation Short Setup
$M is currently experiencing a corrective rebound following a sharp sell-off; however, the higher-timeframe market structure remains bearish. Price is approaching a key resistance and supply zone, where downside continuation is favored.
Entry Zone: 1.45 – 1.50
Stop Loss: 1.58
Take Profit Levels:
TP1: 1.36
TP2: 1.28
TP3: 1.22
Technical Rationale:
Clear lower-high structure on the 4H timeframe
Rally driven by short-covering rather than sustained demand
Price reacting into a prior supply zone
Limited acceptance above resistance levels
Execution is recommended only after bearish confirmation. Strict risk management is advised.
Disclaimer: This analysis is for educational purposes only.
MUSDT
Perp
1.4899
+1.83%