$M /USDT – Shorts Wiped at $1.2328
I’m eyeing $M after a $23.3K short liquidation at $1.2328. This squeeze has shifted momentum back to the bulls, showing strength around key price zones.
Key Levels
Support: $1.220 – $1.230
Resistance: $1.265 – $1.285
Trade Plan
Buy Entry: $1.228 – $1.235 (ideal re-entry zone)
Target 1: $1.265
Target 2: $1.285
Sell Entry: If rejection occurs near $1.285 with weak volume
Stop Loss: Below $1.215
📈 Market Insight
The forced short cover suggests bears were caught off guard. If bulls defend $1.23, continuation towards $1.28+ looks likely. A breakout above $1.285 could extend the rally into fresh highs.
⚡ Tips
Tip 1: Always trail your stop once TP1 is hit.
Tip 2: Don’t over-leverage — volatility is sharp here.
Tip 3: Follow market leaders like BTC for confirmation.
👉 I’m keeping $M in focus for the next push. Share with your circle & follow for more sharp plays!
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