MON is repeatedly oscillating around the psychological level of 0.03, and the technical indicators look interesting. The RSI on the 15-minute to 4-hour charts is showing overbought signals across the board, but the 1-hour MACD still maintains a bullish crossover support, indicating that the bulls haven't fully given up yet. The most concerning thing is that the trading volume has shrunk by 97%, and this kind of volume contraction combined with overbought conditions often signals a potential reversal.
Let's look at some key levels: resistance above at 0.031 and 0.0325, support below at 0.0292 and 0.028.
The trading logic is quite clear—if the price breaks above 0.031, go long with the trend, targeting 0.0325, and set a stop loss at 0.0302 for protection; conversely, if it falls below 0.0292, switch to shorting with a target of 0.028 and a stop loss at 0.0298. At the current price level? My advice is to hold and not chase the high. The combination of overbought conditions and low volume carries too much risk. Instead of gambling here, wait for a clear breakout signal before taking action. Final note: always set your stop loss firmly; recent losses should teach you that patience is necessary at this level.
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SatoshiChallenger
· 12h ago
A 97% reduction in trading volume and still talking about technical analysis—interesting. A historical lesson: every time this kind of low-volume, overbought combination occurs, the aftermath is usually a bloodbath.
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GateUser-afe07a92
· 12h ago
Reduced volume overbought? This terrible position is where you should lie low, don't risk chasing the high.
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ForkPrince
· 12h ago
Volume shrank by 97%. Still dare to chase? I think you just want to lose more. Wait for the signal.
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MetaLord420
· 12h ago
The 97% decrease in trading volume... is a bit scary, feels like it's going to explode.
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StablecoinArbitrageur
· 12h ago
actually, that 97% volume collapse is screaming statistical anomaly to me. run the order book depth analysis and you'll see the real liquidity crisis beneath this chart porn. classic misdirection while the smart money repositions.
MON is repeatedly oscillating around the psychological level of 0.03, and the technical indicators look interesting. The RSI on the 15-minute to 4-hour charts is showing overbought signals across the board, but the 1-hour MACD still maintains a bullish crossover support, indicating that the bulls haven't fully given up yet. The most concerning thing is that the trading volume has shrunk by 97%, and this kind of volume contraction combined with overbought conditions often signals a potential reversal.
Let's look at some key levels: resistance above at 0.031 and 0.0325, support below at 0.0292 and 0.028.
The trading logic is quite clear—if the price breaks above 0.031, go long with the trend, targeting 0.0325, and set a stop loss at 0.0302 for protection; conversely, if it falls below 0.0292, switch to shorting with a target of 0.028 and a stop loss at 0.0298. At the current price level? My advice is to hold and not chase the high. The combination of overbought conditions and low volume carries too much risk. Instead of gambling here, wait for a clear breakout signal before taking action. Final note: always set your stop loss firmly; recent losses should teach you that patience is necessary at this level.