MON is slowly recovering after a heavy dip, and the price is trying to build a stable base again. The candles are staying closer to the moving averages, which usually hints that the market is calming down and preparing for the next move.
On the 15-minute chart, MON is showing short bursts of buying pressure. Each pullback is getting a little weaker, which often means buyers are trying to take control again.
On the 1-hour chart, the trend looks smoother. As long as MON holds above its recent bottom zone, it may try another gradual push upward. If momentum strengthens, we could see a slow grind toward the recent highs.
Short-Term View (15m): Market is bouncing in small waves. Buyers are active but still cautious.
Mid-Term View (1H): Trend is stabilizing. If support holds, a steady climb is possible.
This is just a personal market observation, not financial advice. Trade safe.$MON
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MON Market Update
MON is slowly recovering after a heavy dip, and the price is trying to build a stable base again. The candles are staying closer to the moving averages, which usually hints that the market is calming down and preparing for the next move.
On the 15-minute chart, MON is showing short bursts of buying pressure. Each pullback is getting a little weaker, which often means buyers are trying to take control again.
On the 1-hour chart, the trend looks smoother. As long as MON holds above its recent bottom zone, it may try another gradual push upward. If momentum strengthens, we could see a slow grind toward the recent highs.
Short-Term View (15m):
Market is bouncing in small waves. Buyers are active but still cautious.
Mid-Term View (1H):
Trend is stabilizing. If support holds, a steady climb is possible.
This is just a personal market observation, not financial advice. Trade safe.$MON