$MON


Monad looking great here. Almost a cookie cutter example -- almost. Definitely fairly clean on the setup.
In April/May, we went into a double top that brought us all the way down to ~$0.018. Now, look where we are: a double bottom setup getting ready to break out again. It's sitting right at the neckline resistance, which just so happens to be just under the 200DMA now. Even the Phantom had a bullish divergence and is now back in the positive. I would watch the 200DMA and the neckline area here for a push over. After that? Just ride the trend back up.
The 4HR looks fairly clean too; just watch out for this bear div. It could easily back-test further if it wants to before making a pass at the upper resistance area again. So far, though, everything looks great -- positive momentum, knocking at the door, and clean PA above the track line. 🤝
MON3.14%
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