$MON On Monday morning, after the flat, we hit the liquidation of longs well, making a confident -10% drop. $DUSK The crypto market, despite its reputation as an $SCRT alternative asset, behaved like a classic speculative instrument. Mon which on January 17-18 confidently held above the $0.022 support zone and traded around $0.023, collapsed on Monday morning.
The current price is $0.02, which means that in the target we wrote about earlier, the Sellers took the first target and are now targeting $0.018.
$mon, contrary to the hopes of some, did not become a "quiet harbor". He is a very young asset: if the risks grow, he immediately changes direction and becomes cheaper. Now the key support zone is in the zone of $0.018-0.02. To regain bullish control, the price needs to not just rebound, but close around $0.0225. But it is extremely difficult to do this in the conditions of a day off on Wall Street - even if futures are traded, and Asia and Europe are open.
Futures on American indices and the cryptocurrency market started the week in the "risk-off" mode after an unexpected statement by the administration of US President Donald Trump. As usual, he preferred to hit the markets at a time when Wall Street is resting — on long weekends and pre-holiday Mondays.
For now, the market remains in a state of high volatility, where politics is more important than technical levels, and cryptocurrency has become a barometer of emotions. it is too affordable, you can sell it and buy it at any time of the day or night, if you just wanted to.