MON's trend today remains weak, with the 1-hour level trading at 0.02723, down 1.48%. Overall, there are no signs of reversal in the downtrend, which has already run for 16000 candlesticks, and the pressure for subsequent rebounds is considerable.

From a technical perspective, support levels are at 0.02714, 0.02539, and 0.02452, while resistance is capped at 0.03000 and 0.03100. The current price is running tightly along the downtrend line, which means any rebound will easily encounter resistance.

On trading logic, selling on rallies remains the primary theme. Bears still hold the initiative, and rebounds can be considered entry points for short positions. However, note that the support below at 0.02714 is relatively fragile—once breached, it could trigger a more rapid decline. Additionally, the MACD indicator has crashed 229% over the long term, which looks unfavorable, but keep a watch for dead cat bounce-style reversals. A dynamic stop loss can be set around 0.02745.