$MON Market Structure
The market has been in a chop-down phase Lower Highs since 0.02284
Potential trend reversal forming
High Price and Bottom
Recent High: 0.02284
Recent Bottom: 0.01578
Support Resistance
Immediate Resistance: 0.02040 – 0.02050
Immediate Support: 0.01840 – 0.01870
Major Resistance: 0.02280
Major Support: 0.01750
Breakout Entry
Entry: Above 0.02040
4H candle close above breakout zone confirms trend flip
Pullback Entry (Recommended)
Entry: 0.01840 – 0.01870
Logic: Retest of support zone.better risk/reward
SL: 0.01750
Take Profit
TP1: 0.02097
TP2: 0.02280
TP3: 0.02450 (extension if bullish momentum continues)
MONUSDT
Perp
0.01954
+5.39%