🚨 $MITO /USDT – SHORT-TERM TECH OUTLOOK 🔥
📌 Current Price: ~0.0782
📊 Timeframe: 1H
⚡ Market Moves:
Price spiked from ~0.0720 support — looks like a liquidity sweep / short squeeze, not a trend reversal. After the green impulse, rejection at prior resistance is visible.
💥 Key Levels:
Resistance: 0.0785 – 0.0800
Support: 0.0740 – 0.0720
🔴 Bias: Bearish below resistance
Impulse looks exhaustive, signaling possible distribution / bull trap → mean reversion likely.
🎯 Short Setup (if rejection confirms):
• Entry: 0.0785 – 0.0798
• TP1: 0.0760
• TP2: 0.0740
• TP3: 0.0720
• Stop Loss: 1H close above 0.0810
🟢 Alternate: Price reclaims >0.0800 with volume → bearish setup invalid → target 0.0840.
⚠️ Conclusion: Reactionary pump into resistance, not a sustainable breakout. Wait for confirmation before committing.
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