【$M Signal】Waiting for a pullback to enter long, betting on a second upward surge

$M 1H timeframe: After a sharp rise, entering consolidation at high levels, the 4H Bollinger Bands are opening upward, but the 1H MACD histogram is beginning to contract, indicating slowing momentum.
Market buy depth is favorable at 21.84%, but the latest 1-hour candlestick shows a long upper shadow, with selling pressure emerging around 4.42.

Price is fluctuating below 4.0562, waiting for a pullback confirmation.

⚡Entry: Between 3.6375 and 4.0562, consider partial entries near 3.85 on pullback.

🛑Stop Loss: 3.4079

🚀Target 1: 4.0966

🚀Target 2: 4.3262

🛡️Trade Management:
- Execution Strategy: Half position at Target 1, remaining position with stop loss moved up to entry price. If the price cannot hold above 4.0, beware of a false breakout.

The 4H EMA20 and EMA50 are forming a bullish crossover, providing trend support. The 1H RSI is around 63, not overbought. The key is whether buying can re-accumulate in the 3.9-4.0 zone, absorbing the upper shadow.
Current funding rate is 0.0422%, positive but not high, indicating no obvious short squeeze risk, more suitable for low buy-in rather than chasing highs.
Risk-reward ratio is decent, but the price needs to give a comfortable entry point.

Check real-time market 👇 $M
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