$M Signal】Pullback to go long, first confirmation after breaking above the 4H Bollinger upper band


$M 1H timeframe surges then consolidates with decreasing volume, 4H MACD histogram still expanding, but 1H histogram begins to converge, indicating a shift in momentum.
Buyers' depth imbalance -25.53%, overhead selling pressure is slightly heavy, a healthy pullback is needed to digest profit-taking.

Current price chasing higher yields poor risk-reward, wait for an active pullback.

⚡Entry: Place a pending order around 3.7063 to go long.

🛑Stop loss: Exit decisively if price drops below 3.4444.

🚀Target 1: First target set at 4.2301.

🚀Target 2: Second target set at 4.4920.

🛡️Trade management: - Execute strategy: After reaching target 1, reduce position by half, move stop loss on remaining position to entry price.
If price fails to hold above entry zone and breaks downward, immediately abandon this setup.

4H Bollinger bands are widening significantly, and price is above the upper band, indicating strong momentum.
The 1H EMA20 near 3.92 forms the first dynamic support, close to the upper boundary of the suggested entry zone.
Funding rate at 0.01% is within healthy range, no extreme short squeeze risk.
As long as this pullback does not break key support, it’s an opportunity for bulls to re-assert strength.

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