Reason: The market is dominated by shorting with a long-short ratio as low as 0.2592. 74% of shorting whales are profitable, and capital is significantly shifting towards shorting. On the technical side, the price is running below the key moving averages and the MACD momentum is negative. After a short-term consolidation, the probability of breaking below the $0.0154 support level is relatively high.
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$MON Current price 0.01961 shorting
Reason: The market is dominated by shorting with a long-short ratio as low as 0.2592. 74% of shorting whales are profitable, and capital is significantly shifting towards shorting. On the technical side, the price is running below the key moving averages and the MACD momentum is negative. After a short-term consolidation, the probability of breaking below the $0.0154 support level is relatively high.