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$MON remains in a sharp drawdown phase with heavy selling pressure. However, price is now deeply extended and nearing a potential exhaustion zone. Volatility expansion to the downside often precedes short-term relief rallies.
Support: 0.0172 – 0.0164
Resistance: 0.0205 – 0.0230
Entry Point (EP): 0.0175 – 0.0182
Targets:
TP1: 0.0205
TP2: 0.0230
TP3: 0.0275
Stop Loss (SL): 0.0159
Outlook:
$MON is speculative. While downside momentum is strong, any stabilization above 0.0172 could trigger a sharp reactive bounce.
$MON