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$MON Alpha Trend's bullish signals are becoming invalid, and selling pressure is beginning to dominate the market.
Go short immediately $MON
Entry: 0.01905 – 0.01920
Stop loss: 0.01940
Take profit 1: 0.01870
Take profit 2: 0.01830
Take profit 3: 0.01700
The original upward momentum failed to stay above the key moving average, and the MFI indicator shows that funds are accelerating outflowing. The exhaustion of volume indicates weak buying willingness, which makes the price more bearish after breaking below the short-term support. This usually signals less resistance on the downside, and once sellers remain active, the price is likely to continue testing the key support area below.
Trade $MON here 👇