MONUSDT | 1DThe chart is finally starting to show signs of a strong recovery.
Rounding Bottom Formation
Price has developed a clear U-shaped accumulation phase, suggesting that selling pressure has been absorbed and accumulation is likely taking place.
Breakout Level:
Price has broken above its local resistance around 0.030, which is now acting as a key support zone for continuation.
We could still see a push toward 0.034–0.035 in the short term. If we get a slight rejection there but price manages to hold 0.029–0.027, that would confirm a clean breakout and successful retest.
Potential targets:
0.038–0.040
0.045–0.050
Invalidation:
The thesis is invalidated if price drops below 0.0245
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Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
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Content in partnership with:
linktr.ee/mooncakexbt
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.