$MON Is Staging a Powerful Recovery as Bulls Push Toward a Critical Breakout Level
$MON/USDT: LONG SETUP — Bullish Reversal and Continuation Favored
Bias: BULLISH · Strong recovery momentum despite the earlier downtrend.
The trading plan is conditional:
LONG on a confirmed 1H close above $0.02705 → targets $0.02740 / $0.02800 / $0.02890, stop $0.02575.
Entry: $0.02705–$0.02720
Stop Loss: $0.02575
TP1: $0.02740
TP2: $0.02800
TP3: $0.02890
Below $0.02705: Wait for breakout confirmation. Avoid chasing the rally.
Technical read: BULLISH. The 1H chart shows a strong recovery from $0.02301, with $MON gaining 9.19% over the past 24 hours. Recent bullish candles suggest buyers are regaining control after an extended decline.
For the bulls:
* Strong recovery from the $0.02301 swing low.
* Price has reclaimed the $0.02423 and $0.02580 resistance areas.
* Recent price action shows improving higher lows.
* Consecutive green candles indicate accelerating buying momentum.
* A confirmed breakout above $0.02705 could open the path toward $0.02800 and $0.02890.
For the bears:
* The broader chart still reflects the earlier decline from $0.03017.
* Immediate resistance remains near $0.02701–$0.02738.
* The sharp recovery increases short-term profit-taking risk.
* Losing $0.02580 could weaken the emerging bullish structure.
$MON is showing a meaningful shift in short-term market structure after recovering from the $0.02301 low.
The recent breakout above $0.02580 suggests buyers are gaining control, while the latest strong bullish candle indicates increasing upward momentum.
However, price is approaching an important resistance zone around $0.02701–$0.02738.
A confirmed hourly close above $0.02705 would strengthen the bullish continuation scenario, potentially opening the path toward $0.02740, $0.02800, and $0.02890.
A decline below $0.02575 would invalidate this trading setup.
$MON/USDT: LONG SETUP — Bullish Reversal and Continuation Favored
Bias: BULLISH · Strong recovery momentum despite the earlier downtrend.
The trading plan is conditional:
LONG on a confirmed 1H close above $0.02705 → targets $0.02740 / $0.02800 / $0.02890, stop $0.02575.
Entry: $0.02705–$0.02720
Stop Loss: $0.02575
TP1: $0.02740
TP2: $0.02800
TP3: $0.02890
Below $0.02705: Wait for breakout confirmation. Avoid chasing the rally.
Technical read: BULLISH. The 1H chart shows a strong recovery from $0.02301, with $MON gaining 9.19% over the past 24 hours. Recent bullish candles suggest buyers are regaining control after an extended decline.
For the bulls:
* Strong recovery from the $0.02301 swing low.
* Price has reclaimed the $0.02423 and $0.02580 resistance areas.
* Recent price action shows improving higher lows.
* Consecutive green candles indicate accelerating buying momentum.
* A confirmed breakout above $0.02705 could open the path toward $0.02800 and $0.02890.
For the bears:
* The broader chart still reflects the earlier decline from $0.03017.
* Immediate resistance remains near $0.02701–$0.02738.
* The sharp recovery increases short-term profit-taking risk.
* Losing $0.02580 could weaken the emerging bullish structure.
$MON is showing a meaningful shift in short-term market structure after recovering from the $0.02301 low.
The recent breakout above $0.02580 suggests buyers are gaining control, while the latest strong bullish candle indicates increasing upward momentum.
However, price is approaching an important resistance zone around $0.02701–$0.02738.
A confirmed hourly close above $0.02705 would strengthen the bullish continuation scenario, potentially opening the path toward $0.02740, $0.02800, and $0.02890.
A decline below $0.02575 would invalidate this trading setup.