$M showing signs of exhaustion after a sharp pump and strong rejection from the highs.

Short Setup: $M

Entry: $2.35 – $2.55

Stop Loss: $2.90

Targets:

TP1: $2.20

TP2: $1.99

TP3: $1.80

TP4: $1.65

Why:

The impulsive move was quickly rejected with a strong wick, indicating heavy selling pressure at the top. This type of price action often leads to a pullback as early longs secure profits and momentum fades.

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MBSC
MUSDT
2.2276
+0.37%

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