⚔️ $MON — Weak rebound into higher supply
Price trends lower while the bounce shows limited strength.
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Support: 0.02670
Resistance: 0.02880
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Price bounced from the 0.02670 low but remained below all key moving averages — MA7, MA25, and MA99. The structure shows a trend of lower highs with the current bounce moving into the first supply zone.
Volume on the rebound is low compared to the sell-off, suggesting passive buying and no aggressive demand. MACD lines are still below zero with a shallow curve, while RSI sits around mid-range — showing relief, not momentum reversal.
As long as the resistance zone holds, continuation toward previous support levels remains the cleaner short-term scenario.
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📍 Trading Plan (short)
Set limit order at: 0.0275 – 0.028
TP: 0.02670
SL: 0.02960
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#MON #altcoin
