18 centsgmonad
there's a lot of fear, uncertainty and doubt circulating around this project, which led me to the creation of this post. we generally only focus on projects which get slammed by a swarm of negative sentiment.
monad is a unique layer 1 with really fast transaction speeds. might be the fastest chain i ever used. there is some serious potential here, but before i speak about how high this thing can go, we first have to confirm a clean impulse to around 18 cents.
if we can reach 18 cents, i will share an update with my macro upside target.
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here's some technicals for you,
monad came down in 3 waves, through a double zig-zag,
it tested its ico price last night at 0.025 and saw a high volume candle which indicates demand.
the market is leaning heavily bearish on this pair, which means the long \ short ratio is stacked. currently, as of me writing this, there is 23 longs, and 608 shorts. usually when you get l/s ratio like this, it results in significant squeezes. this time, i believe the squeeze will be to the upside.
🎯 = $0.18 in december. 🎅
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