$$M Down 53% in 24h, the price at 1.33 has already broken the 2.93 high—now it’s basically all that’s left is the bottom. On the news front, the IMX mainnet is about to deactivate the token, and M, as the core token for its ecosystem migration, the market is betting on a liquidity trap. Trading logic: shorts are in control. 1.33 is a psychological level, but it isn’t technical support. There’s a historical dense area around 1.2. If 1.33 breaks, the next wave of sell pressure will run toward 1.1. Trading advice: don’t buy the dip—wait to go long around 1.2. Set the stop loss at 1.12, take profit at 1.6. Keep position sizing within 2%. The Federal Reserve’s speech tonight could be a wildcard, so don’t take the risk of adding more. My target is $M—I only trade short-term reversals; I won’t enter unless it’s above 1.2. Has the news already been priced in?