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Is $MONAD Bullish? Technical Structure Suggests 10x PotentialPrice is Consolidating in a range-bound Structure Between Well-Defined Support and Resistance, indicating active Accumulation. 🟦 Demand Zone: $0.020–$0.022 🟥 Supply Zone: $0.025–$0.027 A Confirmed Breakout and close above Resistance Would signal a Bullish Structure Shift and Continuation of the Uptrend. Trend Remains Bullish above $0.016, the recent swing low. A breakdown below invalidates the setup. Based on Structure and Expansion Potential, 10x Upside is possible in a Strong Altseason. Volatility remains High, Risk Management is Mandatory. NFA & DYOR
Long
by CryptoPatel
MONUSDT BEARISH FLAG ?🔥 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.
Long
by Jitendra_Verma