The biggest thing the chart fears isn’t a big red candle, but the kind of sideways range before it that pretends to be strong. $MON A few days ago, when it was grinding up there, many people looked at it not yet dropping and started to relax. I felt the opposite—this already didn’t look right. The buy pressure didn’t continue to push, but the rebounds kept getting shorter.



I’d already paid attention to this level. The key was that after MON surged toward the area around 0.02670, several times it failed to open up the space above. At that moment, I was more willing to stand with the shorts—not betting on direction, but following the weak structure. When it truly dropped, the chart turned very decisive. Once panic showed up, the people chasing longs basically didn’t have time to react.

Now it’s at 0.02219. This short trade is up +811.65%, and the room for volatility opened up more smoothly than expected. After the profits are in, I won’t get carried away. I’ll scale out in batches first. The rest will be protected with a stop area. If it can extend, I’ll keep watching; if it can’t extend, I’ll let the market carry me away.

If you missed it, don’t force a chase. Pullback confirmation matters more. Don’t enter on the same move—wait for the next opportunity.

$BTC $ETH
MON-0.80%
BTC0.80%
ETH2.60%
View Original
post-image
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