$MON — Bearish Breakdown Incoming | Momentum Short
SHORT $MON
Entry Zone: 0.0200 – 0.0203
Stop Loss: 0.0218
Take Profit Targets 🎯:
• TP1: 0.01898
• TP2: 0.01834
• TP3: 0.01757
• TP4: 0.01686
• TP5: 0.01632
Risk Management 🛡️:
• Secure partial profits at each TP
• Move SL to breakeven after TP1
• Trail remaining position for extended downside continuation
Why this short makes sense 🔍:
$MON is showing clear signs of distribution after a weak bounce, with sellers aggressively defending lower highs. Momentum has flipped bearish, and price is struggling to reclaim key resistance near 0.0205–0.0210. Structure favors continuation to the downside, and once 0.0190 support cracks, a sharp sell-off cascade toward lower liquidity levels is likely. The wide SL protects against stop hunts while targeting a multi-leg dump.
Bearish Bias: Below 0.0208
Invalidation: Clean break and hold above 0.0218 ❌
Trend looks heavy — let the dump do the work 📉💣
Trade disciplined, not emotional.
