$MITO /USDT RANGE TIGHTENING — BULLISH BREAKOUT LOADING ABOVE KEY LEVEL
Price is consolidating around 0.03891 after respecting both support (0.0373–0.0378) and resistance (0.0397–0.0399), forming a tight range. This compression near the highs typically signals accumulation, with buyers defending dips and preparing for a breakout. Stable volume and narrowing price action suggest momentum is building for an upward move if resistance is breached.
Trade Setup:
Long Entry: 0.0385 – 0.0390
Targets (TP):
TP1: 0.0405
TP2: 0.0420
TP3: 0.0440
Stop Loss (SL): 0.0372
Market Outlook:
Bias remains bullish while price holds above 0.0375. A breakout above 0.0399 could trigger a strong continuation rally, whereas rejection may extend the consolidation phase before the next directional move.