Important Support and Resistance Area: 50.93-52.95

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(MNST 1W chart)

If it falls from the HA-High indicator and meets the HA-Low indicator, it can be interpreted that the wave has been initialized.

If it falls below the HA-Low indicator, it is likely to show a stepwise downtrend.

However, since it meets the HA-Low indicator, it will eventually form a bottom area.

Therefore, the 50.93-52.95 area is an important support and resistance area.

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(1D chart)

If possible, the point to watch is whether it can be supported around 51.92-52.95 and rise above 53.77.

If it falls below 50.93, you should check whether it is supported around 48.80.

If it is supported around 53.77, you should check whether it is resisted around 55.32-55.96.

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Thank you for reading to the end.
I hope you have a successful trade.

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