What do you think of
$M Daily Timeframe
❌ There is no continuation of the uptrend here.
After the pump to 1.59, we got a huge bearish candle that practically absorbed the entire impulse.
For several days now, we have had:
* a narrow range;
* MACD near zero;
* RSI around 45–50;
* EMA25 above the price.
So this is consolidation after a strong sell-off, not a new uptrend.
⸻
2. 4H
This is where it gets more interesting.
The price has tested the EMA25 (~1.25) several times.
Each time, sellers sold it off.
So the EMA25 is currently acting as dynamic resistance.
As long as there is no consolidation above 1.27–1.30, shorts have the advantage.
⸻
3. 1H
We can see:
* no higher high;
* impulses are getting weaker;
* every bounce is being sold.
This looks like a bear flag / weak range.
⸻
4. OI
OI is not falling.
This means positions are being opened, not just closed.
Now the question is:
if the price is standing still,
OI is rising,
but there is no upward movement —
this often means positions are accumulating before a strong move.
⸻
5. Whales
This is the most interesting part.
Whales have:
64 short positions
versus
36 long positions.
And their average entry price is:
1.275
So they are sitting almost exactly where the price is now.
They have not capitulated yet.
⸻
6. Liquidation Map
This is the main argument.
Above the current price:
1.50
has a huge liquidity cluster.
But…
Above that, there is almost nothing.
Below the current price:
1.00
then
0.90
then
0.70
there is much more liquidity.
So if 1.50 is not taken, the next liquidity magnet is lower.
$M is personal to me.
I really want it to drop to 0,7
#memecore #crypto #Alts #short