MON needs to be closely monitored lately. The founder of BitMEX directly stated on social media that he is bearish on this coin, with a rather strong wording - "Let it drop to zero".
The trend doesn't look too good either, as the support level of 0.043 has been broken. If you have positions, you may need to consider avoiding risks in the short term. From a technical perspective, a rebound to a key position may actually present a shorting opportunity.
Such a public statement at the level of a big shot, whether it is genuinely bearish or a strategic move, will affect market sentiment. Better to be cautious.
The trend doesn't look too good either, as the support level of 0.043 has been broken. If you have positions, you may need to consider avoiding risks in the short term. From a technical perspective, a rebound to a key position may actually present a shorting opportunity.
Such a public statement at the level of a big shot, whether it is genuinely bearish or a strategic move, will affect market sentiment. Better to be cautious.
