$MON : 7.6x Volume Flush Looks Like a Liquidity Sweep
$MON dropped 3% on a massive 7.6x volume spike, but the move looks more like a liquidity sweep into the last swing low than a confirmed breakdown.
My bias remains bullish. The 1H structure is holding, while daily, weekly, and BTC remain aligned bullish. I’m watching for a reclaim and hold of 0.02885–0.02920 after price defends 0.02817.
A 1H bullish engulfing or lower-timeframe market structure shift would strengthen the setup.
Targets: 0.03078–0.03089 → 0.03178 → 0.03224 → 0.03333
Invalidation: 1H close below 0.02817.
#MON #CryptoTrading #Altcoins #Binance #Crypto
$MON dropped 3% on a massive 7.6x volume spike, but the move looks more like a liquidity sweep into the last swing low than a confirmed breakdown.
My bias remains bullish. The 1H structure is holding, while daily, weekly, and BTC remain aligned bullish. I’m watching for a reclaim and hold of 0.02885–0.02920 after price defends 0.02817.
A 1H bullish engulfing or lower-timeframe market structure shift would strengthen the setup.
Targets: 0.03078–0.03089 → 0.03178 → 0.03224 → 0.03333
Invalidation: 1H close below 0.02817.
#MON #CryptoTrading #Altcoins #Binance #Crypto