【$M Signal】4H Bollinger Band upper rail under pressure, 1H buying momentum weak, short-term short

$M 1H RSI 60.77 fell from a high level, 4H Bollinger Band opening narrowed and the upper rail 0.7841 forms resistance. The latest order thickness near 0.7309 shows sell-side depth is 9.88% higher than buy-side, Bid/Ask Ratio 1.22 indicates seller dominance. Although 4H MACD formed a golden cross, momentum bars are starting to shrink; 1H trading volume has decreased for two consecutive hours to 220k, and the willingness of funds to push up has significantly weakened. Under this structure, it's not cost-effective to chase long, and short-term pressure and pullback are more likely.

🎯Direction: Short (short)

⚡Entry / Pending Order: 0.728707 - 0.730900

🛑Stop Loss: 0.738209

🚀Target 1: 0.719936

🚀Target 2: 0.714455

🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If the price falls back to the entry price, exit automatically to protect principal.

(In-depth logic: OI trend is stable but funding rate -0.0017% is slightly negative, and open interest has not increased significantly, indicating hesitation in chasing long positions. 1H MACD is about to form a death cross; if 0.73 cannot hold, bearish momentum will accelerate. Based on personal experience, such divergence structures are often accompanied by a rapid decline. Target 1 only requires 1.2% space, with stop loss controlled within 1%, worth a try.)

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