🔥 1. Why This Chart Matters Now
MONUSDT 1H is compressing inside a wedge while the higher timeframe remains bearish.
This next break from consolidation could decide whether we get one more leg down or a sharp short-term squeeze.
📌 2. Pattern Overview
Price is trading inside a contracting wedge / triangle after a strong sell-off.
Sellers are defending lower highs, buyers are holding slightly higher lows – classic compression before a larger move.
In a bearish higher-timeframe context, this pattern often acts as a continuation, where liquidity builds on both sides and one strong move clears trapped traders.
📉 3. Key Levels
Support
0.0259–0.0258 – Mid-range support inside the wedge; if lost, consolidation turns into distribution.
0.0220–0.02197 – Major range low / demand. A break here opens room towards the 0.0200 liquidity pocket.
Resistance
0.0275–0.0280 – Wedge resistance and local lower-high zone where sellers have been active.
0.0298–0.0300 – Top of the box / key supply. Reclaiming this would start to challenge the broader bearish structure.
📈 4. Market Outlook
Bias: Tilted bearish while price trades below 0.0298–0.0300 and under wedge resistance.
Momentum shift: A clean 1H close above 0.0298 with follow-through and acceptance would be the first sign that buyers are taking control.
Smart money view: Institutions are likely waiting either for
a stop-hunt above 0.028–0.030 to reload shorts, or
a decisive breakdown below 0.0259 to add to positions in the direction of the higher-timeframe trend.
🧭 5. Trade Scenarios
🟢 Bullish Scenario
Entry trigger: 1H candle close above 0.0298, followed by a successful retest of 0.0298–0.0290 as support.
First target: 0.0320
Second target: 0.0350
Reasoning: A confirmed breakout above wedge resistance and key supply forces shorts to cover and attracts breakout buyers, creating a squeeze higher.
🔻 Bearish Scenario
Breakdown trigger: 1H close below 0.0259 and wedge support, or a retest of 0.0259 from below that gets rejected.
Target: First into 0.0220–0.02197, with possible extension towards 0.0200 if selling accelerates.
Why: A breakdown confirms the wedge as a bearish continuation pattern, with late buyers trapped and exiting into a move aligned with the higher-timeframe downtrend.
⚠️ 6. Final Note
Don’t chase every wick inside this wedge – wait for a clear candle close and retest before committing risk.
If you want more structured chart breakdowns like this, follow me on TradingView for daily, multi-timeframe analysis.
MONUSDT 1H is compressing inside a wedge while the higher timeframe remains bearish.
This next break from consolidation could decide whether we get one more leg down or a sharp short-term squeeze.
📌 2. Pattern Overview
Price is trading inside a contracting wedge / triangle after a strong sell-off.
Sellers are defending lower highs, buyers are holding slightly higher lows – classic compression before a larger move.
In a bearish higher-timeframe context, this pattern often acts as a continuation, where liquidity builds on both sides and one strong move clears trapped traders.
📉 3. Key Levels
Support
0.0259–0.0258 – Mid-range support inside the wedge; if lost, consolidation turns into distribution.
0.0220–0.02197 – Major range low / demand. A break here opens room towards the 0.0200 liquidity pocket.
Resistance
0.0275–0.0280 – Wedge resistance and local lower-high zone where sellers have been active.
0.0298–0.0300 – Top of the box / key supply. Reclaiming this would start to challenge the broader bearish structure.
📈 4. Market Outlook
Bias: Tilted bearish while price trades below 0.0298–0.0300 and under wedge resistance.
Momentum shift: A clean 1H close above 0.0298 with follow-through and acceptance would be the first sign that buyers are taking control.
Smart money view: Institutions are likely waiting either for
a stop-hunt above 0.028–0.030 to reload shorts, or
a decisive breakdown below 0.0259 to add to positions in the direction of the higher-timeframe trend.
🧭 5. Trade Scenarios
🟢 Bullish Scenario
Entry trigger: 1H candle close above 0.0298, followed by a successful retest of 0.0298–0.0290 as support.
First target: 0.0320
Second target: 0.0350
Reasoning: A confirmed breakout above wedge resistance and key supply forces shorts to cover and attracts breakout buyers, creating a squeeze higher.
🔻 Bearish Scenario
Breakdown trigger: 1H close below 0.0259 and wedge support, or a retest of 0.0259 from below that gets rejected.
Target: First into 0.0220–0.02197, with possible extension towards 0.0200 if selling accelerates.
Why: A breakdown confirms the wedge as a bearish continuation pattern, with late buyers trapped and exiting into a move aligned with the higher-timeframe downtrend.
⚠️ 6. Final Note
Don’t chase every wick inside this wedge – wait for a clear candle close and retest before committing risk.
If you want more structured chart breakdowns like this, follow me on TradingView for daily, multi-timeframe analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.