### 🚀 $MON Technical Analysis: Macro Accumulation Phase
$MON is currently showing a compelling setup on the 1M timeframe. After a prolonged downtrend, the asset is finding a solid floor, indicating a potential shift in market sentiment.
**Key Technical Levels:**
• **Support Zone:** 0.02500 - 0.03000 USDT
• **Trigger Level:** 0.03500 USDT
• **Resistance:** 0.06500 USDT
• **Macro Target:** 0.12000 USDT
**Analysis:**
We are observing a classic base formation. The current price action suggests that sellers are exhausted, and accumulation is taking place. A clean break above 0.03500 USDT will be the confirmation needed for a potential trend reversal.
**Risk Management:**
Always maintain strict stop-loss discipline. A monthly close below 0.02200 USDT invalidates this setup.
Stay tuned for updates!
— NOUMAN_DON (@NOUMAN_DON)
#MON #crypto #BinanceSquare #TechnicalAnalysis #altcoins
$MON is currently showing a compelling setup on the 1M timeframe. After a prolonged downtrend, the asset is finding a solid floor, indicating a potential shift in market sentiment.
**Key Technical Levels:**
• **Support Zone:** 0.02500 - 0.03000 USDT
• **Trigger Level:** 0.03500 USDT
• **Resistance:** 0.06500 USDT
• **Macro Target:** 0.12000 USDT
**Analysis:**
We are observing a classic base formation. The current price action suggests that sellers are exhausted, and accumulation is taking place. A clean break above 0.03500 USDT will be the confirmation needed for a potential trend reversal.
**Risk Management:**
Always maintain strict stop-loss discipline. A monthly close below 0.02200 USDT invalidates this setup.
Stay tuned for updates!
— NOUMAN_DON (@NOUMAN_DON)
#MON #crypto #BinanceSquare #TechnicalAnalysis #altcoins
