2026-01-03 02:21:18

MON this wave of market movement is interesting. Since the start of the upward cycle, it has increased by a total of 73% over more than two weeks. Yesterday alone, it surged by 22%, and this speed of increase is indeed a bit fierce.

From a technical perspective, the 1-hour K-line is now stuck at an interesting position — a double top pattern has just been confirmed. The first and second peaks are basically at the same level, with a small retracement in between. Generally speaking, once this pattern forms, it’s easy for the trend to reverse. The probability of the price dropping from this height is quite high.

If you are looking at a bearish scenario, this point in time is still a potential opportunity. However, it’s important to wait for a breakout confirmation and not just rely on the pattern.

MON-4,66%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
5
Repost
Share

Comment

0/400

APY_Chaser

· 11h ago

Double top appears and I want to smash it; I've seen this trick many times, and quite a few times the price reverses and surges back. --- 73 points lost in just two weeks; this speed of rise is really outrageous, watching it every day is exhausting. --- Wait for confirmation of a breakout before taking action; don't be fooled by the pattern. MON is a coin that loves to operate in reverse. --- How did it achieve a 22% daily increase? Is it heading to the moon or to hell? Not clear yet. --- Double top is a valid signal, but this coin has a temper; it might be safer to test the waters before a sharp drop. --- There are opportunities for short positions, but I'm worried it might be a trap to lure in shorts; the crypto scene has too many tricks lately.

View OriginalReply0

SchrodingerAirdrop

· 01-03 02:48

Double top confirmation means it's time to run; this wave of increase has been too rapid.

View OriginalReply0

WhaleInTraining

· 01-03 02:41

Once the double top is confirmed, it basically indicates a downward move. This pattern can't fool anyone. The bearish opportunity is now presenting itself.

View OriginalReply0

AirdropFreedom

· 01-03 02:39

Be cautious at this double top level; a 73% increase can be hyped up quickly, and conversely, it can reverse just as fast.

View OriginalReply0

VitalikFanboy42

· 01-03 02:35

73% lost in two weeks, this speed of rise is indeed a bit crazy. Once the double top confirms a breakdown, it’s probably another round of chopping the leeks. --- The double top pattern, looks good but is actually a trap, don’t be fooled. --- Alright, let’s wait for a breakout to talk. Just looking at the pattern makes you a leek. --- Why does this speed of rise feel like fishing? Those who buy at high levels should be worried. --- A 22% single-day increase, I just want to know who dares to buy in at such a high level. --- Double top confirmation = time to run, this logic is solid. --- If the pattern looks good, it’s tempting to short, but you need to wait for confirmation signals, brother.

View OriginalReply0