$MON Long Liquidation Analysis
Current Price Zone: ~0.0239
Liquidation Event: $45.45K longs wiped at 0.02387
Key Market State
MON has just experienced a heavy leverage flush. This was not random. Price was drifting without commitment, and late longs were leaning too hard on weak support. The liquidation confirms distribution pressure rather than healthy accumulation.
Support Levels
Primary support sits around 0.0228 – 0.0230, a zone where buyers previously stepped in with real volume. If this breaks cleanly, expect a deeper test toward 0.0219.
Resistance Levels
Immediate resistance stands near 0.0246, followed by a stronger ceiling around 0.0258, where sellers have consistently defended.
Market Insight & Sentiment
Sentiment is cautious to bearish short term. Smart money will not chase until MON proves acceptance back above resistance. This is a repair phase, not a breakout phase.
Targets
Upside (only after confirmation): 0.0246 → 0.0258
Downside risk: 0.0228 → 0.0219
Next Move
Wait for consolidation. Either a reclaim above 0.0246 with volume or a clean sweep into lower support for a controlled bounce.
Pro Tip
After large liquidations, the first bounce is often a trap. Let price prove strength before committing capital.
