$MON — Strong Short Opportunity
$MON is showing signs of imminent downside, presenting a high-probability short trade. Price action suggests selling pressure is building, favoring continuation toward lower support levels.
Trade Setup (Short):
Entry Zone: 0.01940 – 0.01980
Stop Loss: 0.02120
Profit Targets:
TP1: 0.01898
TP2: 0.01834
TP3: 0.01757
TP4: 0.01686
TP5: 0.01632
Why This Setup:
Recent price action indicates weakening buyer momentum
Vertical moves appear unsustainable, with signs of distribution
Risk is clearly defined with a wide stop loss above the entry zone
Trade Strategy:
Enter near the lower bound of the entry zone for optimal risk-reward
Scale out positions at each TP to secure profits
Monitor price action at key support levels for potential consolidation or rebound
Risk Management:
Keep position size aligned with your risk tolerance
Avoid entering if price breaks above 0.01980 before confirmation
Be aware of sudden market news or high-volume spikes that could affect the setup.PLEASE FOLLOW BDV7071.$MON #MON #CryptoTrading #ShortTrade #TradeSetup #BearishSetup
