$MITOUSDT โ Momentum Just Broke, Bears Taking Control โ ๏ธ๐
Trade
$MITO Here
That push looked promisingโฆ but the follow-through completely failed.
What weโre seeing now is a classic bull trap turning into downside pressure.
Price action tells the story clearly:
Strong push โ choppy consolidation โ aggressive sell-off
Now the structure is shifting ๐
Lower highs forming on lower timeframes
Rejection near MA zone (dynamic resistance)
Volume spike on the dump โ real selling pressure, not just noise
Weak bounce = buyers losing control
This isnโt strength anymoreโฆ itโs distribution.
๐ด Trade Setup (Short Bias)
Entry Zone: $0.0418 โ $0.0425
Stop Loss: $0.0438
๐ฏ Targets
TP1: $0.0405
TP2: $0.0395
TP3: $0.0385
๐ Why This Setup Works
Breakdown after failed consolidation
Sellers defending higher levels aggressively
Momentum shift confirmed with volume expansion
Price trading below short-term structure โ bearish continuation likely
If price keeps rejecting near 0.0425โฆ expect continuation down.
No strong reclaim = more downside pressure.
Stay disciplined โ donโt chase, wait for the retest ๐
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