【$MON Signal】Long Position Setup 1H Pullback Confirmation

$MON After a surge on the 1H timeframe, the price retraced with decreasing volume, repeatedly testing around 0.0267. The middle band of the 4-hour Bollinger Bands at 0.0244 provides strong support, and buy orders above the 1-hour EMA20 at 0.0258 clearly support the bottom. The MACD lines are converging above the zero line, indicating that bullish momentum has not yet exhausted. Market data shows a thick order book below 0.0265, with selling pressure quickly absorbed.

🎯Direction: Long

⚡Entry/Order: 0.0258 - 0.0262

🛑Stop Loss: 0.0248

🚀Target 1: 0.0292

🚀Target 2: 0.0309

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the remaining stop loss to the entry price. If the price fails to hold above 0.0265 and drops below the entry zone again, exit proactively and wait on the sidelines.

Position size remains stable. Although funding rates are positive, they are not in a dangerous zone, indicating that bullish sentiment is still present but not overheated. The 1-hour RSI has pulled back from high levels to around 68, providing a healthy correction space. Coupled with the 4-hour price breaking above the previous consolidation range, this pullback is a typical bullish accumulation pattern. Dense buy orders below 0.025 to 0.026 indicate clear support from major players, with a risk-reward ratio over 4:1, making it worthwhile to take a small position for an upward pulse.

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