๐ $MON โ Bearish Divergence Alert
The perpetual chart is flashing a bearish divergence signal, raising caution for traders eyeing the next move.
While price attempted a rebound toward the $91,000 zone, momentum failed to confirm the upside. The lower timeframe RSI shows a higher high in price, but a lower high in momentum, forming a classic bearish RSI divergence โ ๏ธ โ often a precursor to trend weakness or reversal.
๐ What traders are watching:
Price rejection near resistance
Cooling momentum after the bounce
Rising sell-side volume pressure
๐ง Market Behavior:
This setup reflects fading buyer strength, suggesting the market may be preparing for a liquidity sweep or downside retest before clearer direction emerges.
โ ๏ธ Risk Note:
Divergences are not standalone confirmation. Traders should pair signals with structure, invalidation levels, and tight risk management. DYOR โ
๐ฅ Bottom Line:
$MON bears are regaining control as momentum weakens. A continuation above resistance could invalidate the divergence, but until then โ traders remain cautious.
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