$M USDT — Downtrend Continuation ⚠️
🔴 SHORT
Timeframe: 1H
Entry Zone:
$3.69 – $3.72 (initiate shorts on clear rejection or failure to reclaim this band)
🎯 TP1: $3.36
🎯 TP2: $3.10
🎯 TP3: $2.78
🛑 SL: $4.12
Why this setup?
Price is in a steady downtrend with consecutive bearish candles and moving averages sloping lower — momentum favors sellers. Recent attempts to bounce have been weak and volume on rallies is muted, indicating buys are being absorbed. A rejection inside the $3.69–$3.72 area would likely resume the decline toward the targets.
Debate:
Will sellers keep pressure and extend the drop, or will a strong reversal seize control and push price above the short zone? 👀
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MUSDT
Perp
3.5816
-14.71%
PIPPINUSDT
Perp
0.02637
-7.01%
RAVEUSDT
Perp
0.8749
+1.26%