$MON has been trading obediently to my Structural Line. As I always say, once we lost that line, each recovery is for the retest to continue the downtrend. Unless, ☝️ of course, we flip that Structural TL with strength and conviction. No matter how bullish it looked last month, today it's back to the macro scenario I expected much earlier. The macro formation reminds me of every altcoin that TGE'd in 2024-2025 and followed my macro formation. Reminds me of PLUME and RDNT post-TGE, which held in the range strongly for too long, but then gave up and went full toast. Of course, $MON is a stronger asset with more interest and more powerful hands, so I don't expect a similar annihilation, but the overall trend, considering potential monthly close, total supply, a huge unlock in a month, and the fact that this network is hardly relevant or used by people organically, makes me believe that on the macro scale, $MON needs to keep grinding. We can see a spike into unlock, as we saw on $XPL (follow my Unlock Scenarios Guide), but the further direction should be clear, imo. Just my thoughts for now. I think all the key inflection points are clear from the attached chart.