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๐๏ธ $MON Reversal Brewing or Dead Cat Bounce?
๐๏ธ LONG setup MON
Entry: 0.0275 โ 0.0285
Stop loss: 0.0260
TP1: 0.0305
TP2: 0.0325
TP3: 0.0345
0.0275โ0.0285 = reclaimed support after bounce
Forming higher low from 0.025 zone
Momentum turning up โ short-term reversal play ๐
๐๏ธ SHORT setup MON
Entry: 0.0305 โ 0.0320
Stop loss: 0.0335
TP1: 0.0285
TP2: 0.0265
TP3: 0.0250
0.0305โ0.0320 = resistance from previous breakdown
Still overall downtrend on higher TF
Rejection here โ continuation down ๐
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