【$MON Signal】Short squeeze continues, dip to go long

$MON 4H timeframe price has broken out of the Bollinger upper band, RSI at 72.78, indicating overbought bullish sentiment. However, open interest remains stable, funding rate is only 0.005%, and shorts have not significantly capitulated, so the short squeeze momentum may persist. Sell orders are stacked above 0.0331, forming short-term resistance.

🎯Direction: Pull back to go long

⚡Entry/Order: Enter between 0.03228 - 0.03246

🛑Stop loss: 0.03078

🚀Target 1: 0.03917

🚀Target 2: 0.04252

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to breakeven. If price falls back into the entry zone, exit automatically to protect capital.

The 4H MACD histogram is still expanding, indicating the trend has not exhausted. The key is whether buying can re-accumulate around 0.0323, which is the previous breakout neckline and also the EMA20 support zone. Deep order book data shows dense buy orders between 0.0328 and 0.0329, providing strong support, with selling pressure quickly absorbed. Risk-reward ratio is 4:1, making this setup favorable.

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