$MON is positioning for a bullish breakout as price regains momentum after a short-term consolidation. Recent long liquidations near 0.02222 cleared excess leverage, helping stabilize structure and invite stronger buyers. Holding above demand keeps the upside scenario active, with continuation likely if volume expands and higher lows are maintained.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$MON is positioning for a bullish breakout as price regains momentum after a short-term consolidation. Recent long liquidations near 0.02222 cleared excess leverage, helping stabilize structure and invite stronger buyers. Holding above demand keeps the upside scenario active, with continuation likely if volume expands and higher lows are maintained.
Trade Setup
Entry Zone: 0.0218 – 0.0225
TP1: 0.0245
TP2: 0.0268
TP3: 0.0295
Stop Loss: 0.0209
Market Sentiment: Bullish recovery with improving strength
$MON