$MON Breakout Incoming! šØ
Entry: market at 0.026249 ā 0.026486 š©
Target: 0.024946 šÆ
Stop Loss: 0.027079 š
The 4-hour chart is screaming bearish, with $MON struggling below key moving averages. While the daily trend is stuck in a range, momentum is undeniably shifting lower. On the 1-hour, the EMA50 and EMA200 are acting as resistance, confirming the weakness. The trigger? A sharp fall in the 15-minute RSI below 50. This signals the start of the next leg down. The 1-hour RSI is hovering near neutral, giving plenty of room to drop. Don't miss this breakdown. SHORT this now.
Trade with caution.
#MONUSDT #CryptoTrading #BearMarket
š
MONUSDT
Perp
0.02641
-1.41%
