MON this wave of market movement caught many people off guard. Starting from the high of $0.02861, the price seemed to be pushed down by an invisible hand, failing to hold after several rebounds, ultimately breaking below to $0.02499. Even when it slightly recovered to $0.02506 later, the intraday decline still reached 9.43%.

Looking at trading activity, the 24-hour trading volume exceeded 44.3 million USDT, and the 1.687 billion volume did not shrink sharply due to the decline. Instead, it indicates a continued selling pressure signal. This shows that the bearish sentiment has gained the upper hand in the market, with previous support levels being broken one after another. On a larger scale, over 7 days, a decline of 6.35%; over 30 days, a decline of 8.07%. The medium-term weak pattern is now quite evident.

**For traders wanting to participate:**

If you want to seize the opportunity for a short-term rebound, don’t rush to buy the dip. It’s more prudent to wait until the price rebounds to the $0.02600-$0.02700 range before taking a small position, provided that the price can stabilize above the recent key resistance level.

Set targets for short positions: first target at $0.02500, second at $0.02450. If the decline continues without stopping, there’s still a possibility of dropping to $0.02400. Place stop-loss at $0.02700; once the price breaks through this level, the short-term downtrend is likely to ease.

**Current trading logic:**

MON’s recent breakdown is essentially a result of persistent bearish force. As long as the key level of $0.02700 is not broken, there’s no need to change the bearish outlook. Those looking to go long should admit that the opportunity cost of bottom-fishing now is not low, and it’s better to wait for clear signs of stabilization before acting. As for short-sellers, patience is key—don’t chase short positions recklessly. Wait until the price rebounds to resistance levels before entering, which will help secure profits from the downward trend more safely.