$M still looks bearish to me.
The 4H chart lost momentum after the move into 4.66, MACD rolled negative, RSI slipped back under 50, and price is now leaning on the 3.4–3.5 zone instead of reclaiming 3.8 cleanly. The 15m chart is weaker, sitting below MA30 and MA200 with fading bounce quality. Binance futures exposure keeps this coin liquid, but that cuts both ways: speculative leverage helped fuel the move, and now it looks like that same fast money is unwinding.
Bias: Short
Entry: 3.50–3.58
SL: 3.72
TP1: 3.34
TP2: 3.16
TP3: 2.95
If bulls cannot reclaim 3.58–3.72 with force, I still treat this as sellable weakness, not strong consolidation.