$MITO SHORT BIAS — REJECTION AFTER LIQUIDITY SWEEP 📉
Price bounced hard from ~0.0720, but the move looks reactionary, not a true reversal. The impulsive green leg shows exhaustion, and price is now stalling + rejecting into resistance — classic bull-trap behavior.
🔴 Bias: Bearish below resistance
🟥 Resistance Zone:
0.0785 – 0.0800
• Prior local highs
• Wick rejection
• Failed continuation after impulse
🟩 Support Zone:
0.0740 – 0.0720
• Strong reaction base
• Liquidity pool / magnet if rejection holds
🔻 SHORT SETUP (on confirmation)
Entry: 0.0785 – 0.0798
🎯 TP1: 0.0760
🎯 TP2: 0.0740
🎯 TP3: 0.0720
🛑 Invalidation: Clean 1H close above 0.0810
🟢 Alternate Scenario:
If price reclaims and holds above 0.0800 with volume, bearish idea is invalid → possible extension to 0.0840. Wait for pullback, no FOMO longs at resistance.
💡 Conclusion:
This looks like a pump into resistance, not a sustainable breakout. Patience > prediction. Let price confirm at key levels before committing.
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