MON has shown strong performance during this period, with a significant increase of nearly double in the past three weeks. However, from a technical perspective, the upper band of the Bollinger Bands has started to weaken, which usually indicates that the short-term upward momentum may be coming to an end.



From a market capitalization perspective, with a current size of 2.8 billion, the price fluctuation range is relatively obvious. Some traders, upon observing this signal, have begun to focus on downside opportunities. If considering a short-selling approach, the technical entry point is approximately 0.027, with a take-profit target of 0.024, and a stop-loss set at 0.029.

However, all trading involves risks. The Bollinger Bands signal is just one technical reference; actual operations should consider multiple indicators and personal risk tolerance.
MON3,94%
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MEVHunter_9000vip
· 01-11 04:35
The Bollinger Bands are weakening quite clearly, but do you really dare to short a coin that doubles? I'll wait and see.
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AltcoinHuntervip
· 01-10 17:50
Is it about to break down again? The last time I heard this kind of talk was three months ago, and then it doubled five times, and I cut my losses. This time, the Bollinger Bands give me the same signal as last time, but my account balance is already different. Enter short at 0.027? Heartbreaking, let's wait and see. Daring to chase short after doubling, is it really a brave warrior or really a leek? I can't tell myself anymore. A market size of 280 million isn't that big, but stop loss at 0.029... what if it breaks through? Another slaughter. No matter how strong the technical analysis is, it can't save my greedy heart.
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ChainWallflowervip
· 01-08 05:58
Hey, are we about to crash again? I saw that Bollinger Bands were weakening a long time ago, haha.
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GasGoblinvip
· 01-08 05:52
Still want to short after doubling? How strong must that mindset be?
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BlockImpostervip
· 01-08 05:39
Still want to short after doubling? That's pretty greedy, huh?
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