Are you still daring to catch a falling knife at 0.0241? $MON The 24-hour trading volume surged to 26 million, with a high of 0.0246, a low of 0.0203, and a range of 18.16%. I watched the charts for an hour while eating instant noodles. This bullish candle was forcefully pulled up, but volume didn't follow — beware of retail traders chasing highs being "relayed" to death.


My discipline is: don't bet on direction, only trade the spread. Currently, 0.0241 is less than 2% away from the intraday high of 0.0246, so the risk-reward is poor. According to my pattern, I will wait for a pullback to the 0.0225-0.0230 range before acting, because that area has dense trading volume from previous days, providing relatively solid support. Position size should not exceed 5% of total capital; don't go all-in at once. Enter with a limit order at 0.0228, stop loss at 0.0216. If it breaks, it means major players are distributing, no illusions. Take profit in two tiers: first target 0.0248, near the intraday resistance line; when reached, sell half the position. Second target 0.0257. If volume increases and it breaks through later, then adjust the plan.
Note that the 24h gain of 18.16% has already released a lot of momentum; chasing highs is easy to get trapped. Such a large trading volume actually indicates severe divergence; smart money may be pumping and dumping. If your hands are itchy, buying now is just covering for others. I don't predict life or death, but 0.0241 is not my window. No operation outside the plan.
MON19.74%
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