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$MON Currently has an upward opportunity, and from a technical perspective, it remains relatively strong.
The suggested entry zone is between 0.02250 and 0.02290. Once it falls below 0.02200 (which is the MA20), a decisive stop-loss should be implemented.
The optimistic upward target is first to reach 0.02390 (the recent resistance level). If it breaks through smoothly, it can continue towards 0.02480.
Currently, $MON's price performance is indeed good — it has already broken above the MA5 (0.02275), MA10 (0.02254), and MA20 (0.02225), with a 24-hour increase of 7.92%. The short-term bullish sentiment is beginning to warm up. The bottom support is at the low point of 0.02107, and the buying power below is quite strong.
A more positive sign is that the trading volume has moderately increased during the rebound, indicating that funds are indeed willing to enter in the short term. At present, establishing a long position at the market price is a good choice.