$MON The Falling Channel Is Losing Its Grip
A strong recovery from the channel's lower boundary has brought MON back to a critical decision zone. The next move could determine whether this rebound develops into a larger breakout.
MON/USDT LONG SIGNAL
Entry Zone: $0.01760 – $0.01800
Stop Loss: $0.01665
TP1: $0.01880 – $0.01900
TP2: $0.01960
TP3: $0.02000
Why This Setup?
MON is trading around $0.01854 after bouncing from the $0.01673 swing low. The price has recovered toward the upper region of its descending channel, while the $0.01760–$0.01800 area remains an important support zone.
A successful retest of this support could create another bullish opportunity. The first major hurdle is $0.01880–$0.01900. A strong breakout above this resistance, supported by increasing volume, could open the path toward $0.01960 and potentially $0.02000.
Confirmation: A sustained breakout above $0.01900.
Invalidation: A decisive breakdown below $0.01673 would weaken the bullish structure.
Wait for confirmation instead of chasing the current price. Manage risk carefully and use only 1–3% of your deposit per trade.
#MON #cryptotrading #BinanceSquare
A strong recovery from the channel's lower boundary has brought MON back to a critical decision zone. The next move could determine whether this rebound develops into a larger breakout.
MON/USDT LONG SIGNAL
Entry Zone: $0.01760 – $0.01800
Stop Loss: $0.01665
TP1: $0.01880 – $0.01900
TP2: $0.01960
TP3: $0.02000
Why This Setup?
MON is trading around $0.01854 after bouncing from the $0.01673 swing low. The price has recovered toward the upper region of its descending channel, while the $0.01760–$0.01800 area remains an important support zone.
A successful retest of this support could create another bullish opportunity. The first major hurdle is $0.01880–$0.01900. A strong breakout above this resistance, supported by increasing volume, could open the path toward $0.01960 and potentially $0.02000.
Confirmation: A sustained breakout above $0.01900.
Invalidation: A decisive breakdown below $0.01673 would weaken the bullish structure.
Wait for confirmation instead of chasing the current price. Manage risk carefully and use only 1–3% of your deposit per trade.
#MON #cryptotrading #BinanceSquare
