After a big bull run, MONA is forming an ABC correction that should bounce off the trend line established by the previous move. RSI has also bottomed out, we are close to touching fib support and the SMMA 50 represented by the purple line. If we close below the established trend line exit the trade. Good luck.
Trade active:
Broke resistance
Comment:
Mona is actually holding up very strong considering the state of the market.
Trade closed manually:
target reached a while ago (and then some), sorry for not updating earlier.
Stop-Loss: $4.89