$MON has reached a key resistance level, showing clear overbought conditions and signs of fatigue.


Go short on $MON now

Entry: 0.02180 – 0.02190

Stop Loss: 0.02210

Target 1: 0.02049

Target 2: 0.01938

Target 3: 0.01832

The upward momentum encountered strong selling pressure at the key resistance zone. Although the price appears strong, the indicators are warning: RSI is extremely overbought, and more importantly, the money flow index (MFI) for ( has shown divergence, indicating smart money is quietly exiting. This volume contraction at the top is a typical sign of momentum exhaustion, and as long as selling pressure remains dominant, there is usually room for a deep correction.

Go short on ) trading opportunity 👇
MON17,05%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin