$MITO Breakout Fails: Sellers Take Over

Trade Plan

Where to Sell: 0.04600 – 0.04900 (Entry zone for short)

First Target: 0.04100

Second Target: 0.03800

Safety Net: 0.05250 (Exit if the price breaks above the high)

MITO is losing its upward power on the 1-hour chart after hitting a peak at 0.05240. The price has started to turn around with red candles showing that sellers are moving back in. It is currently dropping down toward 0.04421, signaling that the strong upward run is over and a downward correction is beginning.

Click below to take trade

MITOUSDT

Perp

0.03388

+3.38%