2026-01-03 02:21:18

MON this wave of market movement is interesting. Since the start of the upward cycle, it has increased by a total of 73% over more than two weeks. Yesterday alone, it surged by 22%, and this speed of increase is indeed a bit fierce.

From a technical perspective, the 1-hour K-line is now stuck at an interesting position — a double top pattern has just been confirmed. The first and second peaks are basically at the same level, with a small retracement in between. Generally speaking, once this pattern forms, it’s easy for the trend to reverse. The probability of the price dropping from this height is quite high.

If you are looking at a bearish scenario, this point in time is still a potential opportunity. However, it’s important to wait for a breakout confirmation and not just rely on the pattern.

MON-1,85%

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SchrodingerAirdrop

· 01-03 02:48

Double top confirmation means it's time to run; this wave of increase has been too rapid.

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WhaleInTraining

· 01-03 02:41

Once the double top is confirmed, it basically indicates a downward move. This pattern can't fool anyone. The bearish opportunity is now presenting itself.

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AirdropFreedom

· 01-03 02:39

Be cautious at this double top level; a 73% increase can be hyped up quickly, and conversely, it can reverse just as fast.

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VitalikFanboy42

· 01-03 02:35

73% lost in two weeks, this speed of rise is indeed a bit crazy. Once the double top confirms a breakdown, it’s probably another round of chopping the leeks. --- The double top pattern, looks good but is actually a trap, don’t be fooled. --- Alright, let’s wait for a breakout to talk. Just looking at the pattern makes you a leek. --- Why does this speed of rise feel like fishing? Those who buy at high levels should be worried. --- A 22% single-day increase, I just want to know who dares to buy in at such a high level. --- Double top confirmation = time to run, this logic is solid. --- If the pattern looks good, it’s tempting to short, but you need to wait for confirmation signals, brother.

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