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$MITO is consolidating with a clear bearish bias.
Volume looks interesting though: recent candles are dumping on lower volume, which feels like selling exhaustion kicking in.
24h volume sits around 281M, way above the recent average—suggests some dip-buying is happening.
Capital flow: short-term (5m-30m) outflows, but longer timeframes (1h-24h) are showing inflows. Net +434k USDT in the last 24h, looks like some accumulation at these levels.
Price structure
$MITO still 26.5% off the 24h high, only 8.5% above the low—bears in control. But oscillators are screaming oversold, and the positive longer-term flows hint at a corrective bounce possibility.
*Trade Conclusion
$MITO : Cautious long (speculative bounce play)
Entry: 0.06316 – 0.06700 USDT (near key support + lower Bollinger Band)
Stop Loss: 0.06100 USDT
Target: 0.07342 USDT (resistance)
Note: Overall market is bearish, so this is risky. Only enter if you see clear rejection candles at support, RSI bounces above 35, and MACD histogram flips positive for confirmation.
#mito #mitousdt #Mitosis