$MON is still in a downtrend on both the 4H and 1H charts, because the price is trading below important moving averages.
This means sellers are still in control.
Right now, the 15-minute RSI is dropping below 50, which signals that short-term momentum is turning bearish again.
This is the confirmation that the market is ready for another move downward.
So, the plan is to take a short position around 0.0271, aiming to ride the next drop in price as the trend continues lower.
A stop-loss at 0.028283 limits risk, while the take-profit targets capture the expected downward move.
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MONUSDT
Perp
0.02735
-1.97%