๐ MON/USDT Technical Analysis โ Avoid This Setup
$MON (Monad) is showing textbook distribution. Here's why I'm staying away:
๐ PRICE: $0.0256 | -4.9% 24H | Futures Only (No Spot)
๐ STRUCTURE
โข 1D: BEARISH โ Pumped 54% Aug 16-24, then gave it all back
โข 4H: BEARISH โ Lower highs (0.0283 โ 0.0273 โ 0.0264 โ 0.0257)
โข 1H: BEARISH โ No CHOCH, no BOS, pure downtrend
This is a coin that pumped hard and is now in sustained selloff. No structural confirmation for reversal.
๐งฑ KEY LEVELS
โข Support: $0.0247 (Sep 2 low) โ $0.0241 (Sep 4 low)
โข Resistance: $0.0273 (4H structure) โ $0.0283 (daily lower high)
โข Invalidation: Below $0.024 = freefall to $0.020
๐ฆ DERIVATIVES
โข OI: Declining from 1.05B โ 1.01B (positions closing)
โข Funding: Flat 0.005% โ neutral, no conviction
โข No CVD data available on spot (futures only)
๐ฏ SIGNAL GATE: โ REJECTED
โข HTF alignment: 0/2 (no bullish timeframe)
โข MSB: None confirmed
โข Counter-trend with zero confirmation
โข BTC bearish adds more downside pressure
๐ซ TRADE PLAN โ NO TRADE
If forced to watch for entry:
๐ข LONG: $0.024-$0.0245 if 1H CHOCH confirms (wait for higher high above 0.0273)
โข Entry: $0.0245 (if confirmed)
โข SL: $0.0235 (below structure)
โข TP: $0.0273 (4H resistance)
โข Only valid if BTC is also bullish at that time
๐ SHORT: $0.027-$0.0275 (if price retests resistance and rejects)
โข Entry: $0.0273
โข SL: $0.0285
โข TP: $0.0247
โข Only if 4H shows rejection candle with volume
โ ๏ธ KEY RISK: Monad is a new L1 with hype. New L1 tokens tend to pump on listing then dump as early investors distribute. This looks exactly like that pattern. The 54% pump โ 22% dump is not recovery โ it's distribution.
Bottom line: No structural setup. Wait for either a clean CHOCH on 4H or a support test with confirmation. Don't chase.
#MON #Monad #crypto #technicalanalysis