#DeelStablecoinPayrollPolygon
$MITO -SHORT
Entry: 0.03980 – 0.04000
SL: 0.04100
TP1: 0.03920
TP2: 0.03850
TP3: 0.03780
TP4: 0.03700
Leverage: 10x – 15x
MITO is showing signs of exhaustion here after the recent push, and price is getting overextended short term, so patience on shorts matters.
$MITO failed to hold its breakout structure after the recent upside expansion, showing sellers are stepping back in. The current zone looks like a distribution area rather than a healthy pullback, as momentum is fading above key levels. Volume is drying up, and trend structure is starting to favor a reversal. Since price already moved aggressively, chasing longs carries high risk. The best approach is letting price reject cleanly before the next leg down.