M /USDT — $1.5214 (Daily TF)

Four months of ranging between $1.17 and $1.98 and M still hasn't committed to a direction. Every push toward $1.98 gets sold, every dip toward $1.17 gets bought. The grey demand zone at $1.17–$1.30 has been the anchor — touched three times now and each time buyers stepped up.
Current price at $1.5214 is sitting at the dotted midpoint of the entire range, which is exactly where conviction goes to die. Neither bulls nor bears have an edge here. The projected move shows one more dip into the grey zone around $1.17–$1.20 before the real move — a sharp recovery toward $1.75–$1.80 targeting the upper portion of the range.
The grey zone holding a third time would be significant. Three successful defenses of the same level on the daily builds a strong base. If buyers show up there again with the same conviction as the previous two visits, the move toward $1.98 becomes a real conversation.
Losing $1.17 on a daily close changes everything — that would be the first time this range breaks to the downside in four months and would open up significantly lower levels.