$M reacted strongly around the 0.7898 support zone after a wave of short liquidations, showing that buyers stepped in to defend the level. Price is holding above support instead of breaking lower, which suggests bearish momentum is fading.
On the 15m chart, higher lows are starting to form while selling pressure continues to weaken. The recent candles show liquidity absorption near support, and a push above the local range could trigger fresh breakout momentum.
Entry Point
0.7900 - 0.7960
Target Point
TP1: 0.8100
TP2: 0.8280
TP3: 0.8480
Stop Loss
0.7810
This setup works if buyers continue defending the support zone and volume expands on the next move higher. A clean break above nearby resistance with strong candle closes could confirm the shift in momentum and open the way toward the listed targets.
$M
On the 15m chart, higher lows are starting to form while selling pressure continues to weaken. The recent candles show liquidity absorption near support, and a push above the local range could trigger fresh breakout momentum.
Entry Point
0.7900 - 0.7960
Target Point
TP1: 0.8100
TP2: 0.8280
TP3: 0.8480
Stop Loss
0.7810
This setup works if buyers continue defending the support zone and volume expands on the next move higher. A clean break above nearby resistance with strong candle closes could confirm the shift in momentum and open the way toward the listed targets.
$M