MON — LONG LIQUIDATION SETUP
Documented:
Long liquidations hit MON at $0.02620 ($13.574K) and again at $0.02615 ($1.0944K).
Analytical setup:
The repeated liquidation zone around $0.02615–$0.02620 is the key price area. This suggests leveraged longs were forced out around the same level.
Trade Bias: Bearish Rejection / Breakdown
Entry Zone: $0.02615–$0.02620
Stop-Loss: $0.02670
TP1: $0.02560
TP2: $0.02500
TP3: $0.02430
Price tip:
A clean rejection from $0.02615–$0.02620 keeps the short setup valid. A sustained move above $0.02670 invalidates the structure.
Conclusion:
The tape is pricing in stress around the $0.0262 area. The next move needs confirmation through rejection or acceptance of this zone.
$MON
#BinanceLaunchesBinanceIntelligence #SP500AndNasdaqHitRecordHighs #USMortgageRatesRiseTo7.49% #WinklevossFilesSpotZcashETFApplication
Documented:
Long liquidations hit MON at $0.02620 ($13.574K) and again at $0.02615 ($1.0944K).
Analytical setup:
The repeated liquidation zone around $0.02615–$0.02620 is the key price area. This suggests leveraged longs were forced out around the same level.
Trade Bias: Bearish Rejection / Breakdown
Entry Zone: $0.02615–$0.02620
Stop-Loss: $0.02670
TP1: $0.02560
TP2: $0.02500
TP3: $0.02430
Price tip:
A clean rejection from $0.02615–$0.02620 keeps the short setup valid. A sustained move above $0.02670 invalidates the structure.
Conclusion:
The tape is pricing in stress around the $0.0262 area. The next move needs confirmation through rejection or acceptance of this zone.
$MON
#BinanceLaunchesBinanceIntelligence #SP500AndNasdaqHitRecordHighs #USMortgageRatesRiseTo7.49% #WinklevossFilesSpotZcashETFApplication