$MON /USDT – 4H Technical Outlook 📉
MON continues to trade under bearish pressure on the 4H timeframe after failing to reclaim key resistance levels.
What the chart is telling us:
Current price around 0.0228, down ~7.5%.
Price remains below MA(7), MA(25), and MA(99) → bearish structure intact.
The recent bounce toward 0.0247 was rejected, confirming sellers are active on rallies.
Support was tapped near 0.0222, where short-term buyers attempted a defense.
Key Levels to Watch:
Immediate Support: 0.0222
Next Support: 0.0215 – 0.0208 if breakdown continues
Resistance: 0.0238 – 0.0247 (MA25 zone)
Major Resistance: 0.0256+
Bias & Scenarios:
🔴 Bearish below 0.0240
🟡 Short-term consolidation possible above 0.0222
🟢 Bullish only if price reclaims 0.0255+ with volume and structure shift
Trading Perspective:
Shorts favored on pullbacks into resistance.
Longs remain risky until a clear trend reversal is confirmed.
⚠️ Volatility is high — trade with strict risk management.
#MON #CryptoTA #BinanceSquare #Altcoins $MON
