$MON
USDT BEARS IN FULL CONTROL โ SHARP DOWNSIDE PRESSURE AHEAD!
Explanation:
$MON has broken below major intraday supports and is currently trading far beneath the recent entry levels, showing continuous selling pressure. The steep decline indicates a strong bearish trend, with momentum favoring further downside unless the price reclaims key resistance levels. The chart suggests weak buyer interest and increasing volatility, pointing toward an extended bearish move.
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๐ Trade Setup (SHORT ENTRY โ Dominant Trend)
Entry: 0.02750 โ 0.02820
Targets (TP):
TP1: 0.02580
TP2: 0.02450
TP3: 0.02290
Stop Loss (SL): 0.02940 (Above intraday resistance)
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๐ Alternate Trade Setup (LONG โ Only If Market Reverses Strongly)
Entry: Break and reclaim 0.03050
Targets (TP):
TP1: 0.03200
TP2: 0.03420
TP3: 0.03600
Stop Loss (SL): 0.02940
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๐ Market Outlook
The overall momentum on MONUSDT remains bearish, with lower highs and lower lows dominating the structure. Bulls must reclaim major resistances to shift sentiment โ until then, rallies may remain short-lived. A continuation into lower support zones is likely if weakness persists.
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