$MITO
Signal Type: LONG (Breakout Retest)
Current Bias: BULLISH
MITO is displaying a textbook high-volume breakout above the $0.02832 resistance, currently holding strong as support. The 24h volume surge (90M+) confirms strong institutional interest, not just retail noise.
The Setup: Price is compressing near the daily high after a sharp rejection of the lows ($0.02438). Volume profile shows accumulation. We anticipate a continuation toward the upper supply zone.
Execution Plan:
EP (Entry): $0.02857 (Market or Limit on dip)
TP Levels:
· TP1: $0.02913 (Minor resistance)
· TP2: $0.02976 (24h High / Target)
SL (Stop Loss): $0.02750 (Below the breakout structure)
Risk Management: 1:2 Risk/Reward minimum. Scale out 50% at TP1, trail stop to entry on the remainder.
Confidence: HIGH.
