$MON
/USDT Quick Update: Local Bottom In or Retest Coming? ⚡
$MON is currently trading at $0.03457 (+10.06% in 24h) after printing a clean bottom bounce at $0.03424.
Looking at the 1m chart, we saw a quick volume surge driving the price up to $0.03511 before consolidating back around the key Moving Averages (MA25/EMA25 near $0.03457). Supertrend indicator remains bullish at $0.03452, keeping the short-term structure intact for now.
Trade Plan / Key Levels 🎯
* Key Resistance: $0.03488 – $0.03535
* Local Support: $0.03442 – $0.03424
1. Long Setup (Scalp)
* Entry Zone: $0.03445 – $0.03455 (Pullback near Supertrend/EMA support)
* Target 1: $0.03488
* Target 2: $0.03535+
* Stop Loss: Below $0.03420 (Tight risk management)
2. Short Setup (Breakdown)
* Entry: If price breaks and closes below $0.03420
* Target: $0.03380
* Stop Loss: Above $0.03460
⚠️️ Trader Note: Volatility is high on lower timeframes. Always manage your leverage and stick to your risk limits!
What's your play here—Holding or waiting for the breakout? Let me know in the comments! 👇
#MON #MONUSDT #CryptoTrading #TechnicalAnalysiss nceSquare #TechnicalAnalysis
/USDT Quick Update: Local Bottom In or Retest Coming? ⚡
$MON is currently trading at $0.03457 (+10.06% in 24h) after printing a clean bottom bounce at $0.03424.
Looking at the 1m chart, we saw a quick volume surge driving the price up to $0.03511 before consolidating back around the key Moving Averages (MA25/EMA25 near $0.03457). Supertrend indicator remains bullish at $0.03452, keeping the short-term structure intact for now.
Trade Plan / Key Levels 🎯
* Key Resistance: $0.03488 – $0.03535
* Local Support: $0.03442 – $0.03424
1. Long Setup (Scalp)
* Entry Zone: $0.03445 – $0.03455 (Pullback near Supertrend/EMA support)
* Target 1: $0.03488
* Target 2: $0.03535+
* Stop Loss: Below $0.03420 (Tight risk management)
2. Short Setup (Breakdown)
* Entry: If price breaks and closes below $0.03420
* Target: $0.03380
* Stop Loss: Above $0.03460
⚠️️ Trader Note: Volatility is high on lower timeframes. Always manage your leverage and stick to your risk limits!
What's your play here—Holding or waiting for the breakout? Let me know in the comments! 👇
#MON #MONUSDT #CryptoTrading #TechnicalAnalysiss nceSquare #TechnicalAnalysis