I’m watching $M closely right now. After a wild volatility phase, price is stuck in a tight range and this kind of pause usually comes right before a strong breakout or breakdown. The market is getting quiet, and that’s when surprises happen.
Support is holding well and buyers keep stepping in on dips, which tells me accumulation is happening under the surface. On the upside, resistance is still heavy. A clean break and hold above it with strong volume can flip this into a fast bullish continuation.
Momentum is neutral for now and volume is fading, so confirmation is key.
Bullish case is simple, break resistance and hold, then continuation follows.
Bearish case is also clear, lose support and a deeper pullback opens up.
I’m staying patient here. Range markets don’t last forever, and when M decides, it will move fast 🔥📊
