$M Long Liquidation: $1.1872K at $1.34751
Long traders were caught as M failed to hold its support and reversed lower. Buyers expected continuation, but selling pressure stepped in quickly and forced a clean liquidation below the range. Liquidity was taken efficiently, confirming short-term weakness and seller control.
Entry (EP): $1.365
Take Profit (TP): $1.305
Stop Loss (SL): $1.405
Market Outlook:
$M is under short-term bearish pressure after losing its key intraday support. If price stays below the liquidation level, further downside or sideways consolidation is likely. Bulls will need a strong reclaim with volume to regain control. Trade patiently and manage risk strictly.
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