$M / USDT (Perpetual) — Bullish Continuation Play 📊
Directional Bias:
Trend remains bullish after a clean impulsive breakout supported by strong momentum expansion.
Entry Strategy:
• Accumulation Zone: 1.78 – 1.82
(Prefer pullbacks and sustained acceptance above this support band)
Profit Targets:
• Target 1: 1.90
• Target 2: 2.05
• Target 3: 2.20
Risk Control:
• Invalidation Stop: 1.69
(Loss of breakout structure below this level)
Key Market Levels:
• Support Zones: 1.70 – 1.72 / 1.78
• Supply Levels: 1.90 / 2.05 / 2.20
Technical Perspective:
Lower timeframes show a strong bullish engulfing impulse, confirming aggressive buyer participation. Former resistance has flipped into a solid support base. As long as price continues to hold above 1.70, upside continuation remains favored.
Setup Invalidation:
A daily candle close below 1.69 nullifies the bullish bias.
