$MON Signal】Pullback to support / Moving average golden cross, channel opens


$MON 4H level sees a volume breakout above the previous high, and the short-term moving average golden cross structure is complete. After the price pierces through the upper Bollinger Band, it pulls back slightly, but the depth of buy orders in the 0.0316-0.0317 area is unusually thick, with selling pressure quickly absorbed. The MACD histogram remains above the zero line and continues expanding, indicating bullish momentum has not yet exhausted.

🎯 Direction: Long

⚡ Entry/Order: Buy in batches within the 0.03105 - 0.03124 range

🛑 Stop Loss: 0.02945

🚀 Target 1: 0.03839

🚀 Target 2: 0.04197

🛡️ Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to the break-even level. If the price falls back to the entry zone, automatically exit to protect principal.

Order book data shows that sell walls are concentrated above 0.0318, but the order volume placed below around 0.0316 is far greater than that above, clearly indicating buyers are providing support. The 4-hour trading volume significantly increased during the breakout, while open interest remains stable, suggesting the move is not driven purely by short liquidations. The current price has pulled back to the vicinity of the breakout level; the risk-reward ratio is close to 4:1. This is a level worth using a relatively smaller stop loss to bet on trend continuation.

View real-time market 👇 $MON
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#Gate广场四月发帖挑战 #加密市场回升 #黄金白银走高
MON2,49%
BTC-0,25%
ETH-1,32%
SOL-2,8%
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
  • Pin