MONUSDT SPOT
Long

Monad (MON): Short-Term 240% Profits Potential Rising Channel

409
MONUSDT—Monad

The chart is moving within an ascending channel, it has a perfect structure. Yesterday's session produced the highest volume since January more than five months ago, it also ended as a higher low with a long lower shadow. This can signal the end of the most recent bearish move.

The high volume, long lower shadow and higher low all support bullish market conditions.

These are not risk-free of course, especially when the market is in a doubtful state. There is always risk involved. But, we focus on buying at support when prices are low. When the action moves toward resistance, that's the time to sell. Sell high then buy again low.

Thanks a lot for your continued support.

Namaste.

Declinazione di responsabilità

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.