M: poised for a move? key levels and targets for today

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M. Who’s bored of chasing BTC wicks and wants a clean alt setup instead? Lately liquidity has been rotating back into second-tier perps according to market desks, and M is sitting right on a fat 4H value area around 1.40 - that’s usually where smart money quietly reloads, not where it panic exits.

On the 4H chart price keeps hugging this orange HVN zone while RSI chills near 45 after cooling off from overbought. I’m leaning long from here: buyers defended this area after the last liquidation spike and every dip into 1.38-1.40 gets absorbed. First real supply is stacked above at 1.47-1.50, then 1.55+ if momentum kicks in.

My base plan: look for a reclaim of 1.45 with strong 4H candle bodies and I’ll ride it toward 1.50 and possibly 1.55 ✅. If we lose the orange block with a clean 4H close under 1.37, I expect a slide into the green demand near 1.30 where I’d rather wait for a fresh bounce. I might be wrong, but for now the chart still looks more like quiet accumulation than distribution.

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