$MON has made a sharp rally into a key local resistance zone, but momentum on the 1H chart is clearly starting to cool off. The buying pressure is losing strength, and price action is showing early signs of exhaustion near the top.
This kind of structure often leads to a healthy pullback as traders begin to take profits and sellers step back in. If the current rejection holds, downside targets could be reached as the market searches for its next support zone.
Trade Plan – Short
Entry: 0.02120 – 0.02145
TP1: 0.02070
TP2: 0.02020
TP3: 0.01960
Stop-Loss: 0.02195
