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ποΈ $MON Reversal Brewing or Dead Cat Bounce?
ποΈ LONG setup MON
Entry: 0.0275 β 0.0285
Stop loss: 0.0260
TP1: 0.0305
TP2: 0.0325
TP3: 0.0345
0.0275β0.0285 = reclaimed support after bounce
Forming higher low from 0.025 zone
Momentum turning up β short-term reversal play π
ποΈ SHORT setup MON
Entry: 0.0305 β 0.0320
Stop loss: 0.0335
TP1: 0.0285
TP2: 0.0265
TP3: 0.0250
0.0305β0.0320 = resistance from previous breakdown
Still overall downtrend on higher TF
Rejection here β continuation down π
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