MON's performance today remains weak, with the 1-hour quote at 0.02723, down 1.48%. Overall, there are no signs of a reversal in the bearish trend, which has already run for 16,000 K-lines, and the pressure for a subsequent rebound is significant.

From a technical perspective, support levels are at 0.02714, 0.02539, and 0.02452, while resistance is stuck at the 0.03000 and 0.03100 levels. The current price is closely following the downward trend line, which means that any rebound is likely to encounter resistance.

In terms of trading logic, shorting on rallies remains the main strategy. The bears still hold the initiative, and a rebound can be considered as an entry point for short positions. However, it should be noted that the support at 0.02714 is relatively weak; if it is broken, it could trigger a faster decline. Additionally, the MACD indicator has plummeted by 229% over the long term, which may not look good, but caution is needed against a dead cat bounce. A dynamic stop-loss can be set around 0.02745.