$M Strong Rejection From Resistance .... Bears Taking Control
$M has printed a strong bearish rejection after failing to hold above the recent highs. The sharp sell-off suggests buyers are losing momentum, and a continuation lower is possible if support breaks.
Trade Setup:
Entry: $1.46 – $1.49
TP1: $1.38
TP2: $1.30
TP3: $1.20
Stop Loss: $1.58
Wait for confirmation below the current support before entering. Avoid chasing the move if price quickly reclaims the $1.50 level.
Sell and Trade $M
$M has printed a strong bearish rejection after failing to hold above the recent highs. The sharp sell-off suggests buyers are losing momentum, and a continuation lower is possible if support breaks.
Trade Setup:
Entry: $1.46 – $1.49
TP1: $1.38
TP2: $1.30
TP3: $1.20
Stop Loss: $1.58
Wait for confirmation below the current support before entering. Avoid chasing the move if price quickly reclaims the $1.50 level.
Sell and Trade $M