Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
$MON3S /USDT
Current Price: ~1.58 USDT
24H Move: ~-2.2% (from the chart)
Trend Context: Short-term exhaustion after a strong intraday push.
Market Structure Insight
Price previously rallied hard from ~1.30 → 1.67, showing strong momentum.
At 1.67, price faced clear rejection (long wick + bearish follow-up candles).
On the 1H timeframe, momentum is shifting bearish:
Lower highs forming
Weak bounce attempts
Sellers stepping in after the failed breakout
This looks less like consolidation and more like a pullback turning into a deeper correction unless bulls reclaim key levels quickly.
Key Levels
Resistance (Sell Pressure Zone)
1.62 – 1.67 → Major rejection + liquidity grab area
Support Zones
1.55 – 1.53 → First intraday support
1.48 → Structure support (must hold)
1.37 – 1.30 → Breakdown target if panic accelerates
Trade Setup (Short-Biased
Entry Zone:
1.60 – 1.63
Targets:
🎯 Target 1: 1.55
🎯 Target 2: 1.48
🎯 Target 3: 1.37
Stop Loss:
Above 1.68 (confirmed breakout invalidates short setup)
Bullish Invalidation Scenario
If price:
Reclaims 1.67
Holds above it with strong volume on 1H close
Then:
Short idea is invalid
Momentum could flip into a continuation rally toward:
1.75 → 1.90 zones
Final Verdict
High probability pullback / mini-crash unless bulls defend 1.55 quickly.
This move smells like profit-taking after a liquidity grab, not healthy continuation.
#JoinGrowthPointsDrawToWiniPhone17 #PostonSquaretoEarn$50 #SharingMy100xToken #BitcoinPriceWatch #AreYouBullishOrBearishToday?