MON's recent performance has been quite good. The price has successfully held the key support level and is currently forming a fairly clean bullish structure. This pattern is very important. It would be ideal if a pullback occurs within that gray zone. That could potentially be a good entry opportunity. Overall, the technical outlook still shows support.

MON-2,24%

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SmartContractRebel

· 01-10 10:38

If the gray zone retracement occurs, I will consider getting in. Right now, it still feels a bit early to enter.

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just_here_for_vibes

· 01-10 09:30

Holding the support level is a good thing; wait for the gray area to retest before getting in again.

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MoonWaterDroplets

· 01-10 00:13

As long as the support level holds, there's still hope; the concern is that it might suddenly break through during a pullback.

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nft_widow

· 01-07 14:52

I'm waiting for the gray zone correction, but can this wave really crash down...

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just_another_wallet

· 01-07 14:51

I'm also waiting for the gray zone correction, but whether this wave can go as hoped depends on how the main players play it.

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RunWhenCut

· 01-07 14:42

I'm waiting for the gray zone correction, but don't keep oscillating back and forth and messing with my mindset.

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ContractTearjerker

· 01-07 14:39

Gray zone pullback, please, so it's easier to get on board.

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DaoResearcher

· 01-07 14:27

Based on on-chain data, the stability of this support level essentially reflects the validation of the governance token's incentive mechanism. It is recommended to first read the Token Economics section of the MON white paper to understand why the probability of a retracement in the gray area is as high as 87%.

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LootboxPhobia

· 01-07 14:26

The gray zone correction still needs to wait. This support level is indeed solid, but before entering, I still want to see if it can break new highs first.

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ChainDoctor

· 01-07 14:24

Gray zone correction? I'm waiting for it, but don't make me wait too long haha

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