$MGO – Triple Bottom Setup on 30mins Chart 💥

The chart is flashing a potential triple bottom formation, a classic reversal structure often signaling trend exhaustion and a bullish reversal in the making.

📊 Pattern Breakdown:

Bottom 1: Formed on June 29 post-sharp selloff

Bottom 2: Retested the same zone with low volume — sign of seller weakness

Bottom 3: Recently confirmed near 0.0150, showing early bounce reaction

🟪 The entire price action is now squeezed into a descending triangle breakout zone, with the neckline resistance clearly sitting at 0.01580.

Key Levels 🔑

Breakout trigger: Above 0.01580 – confirmation of triple bottom

Short-term target: 0.0166 – 0.0170

Support base: 0.0150 must hold to validate the structure

Volume confirmation is still pending — breakout needs stronger bullish follow-through

This isn’t just another sideways crab. The triple bottom has formed with clean structure and visible accumulation. Sellers failed to push lower despite multiple attempts. If bulls reclaim 0.0158, expect a fast move up as shorts get squeezed.

Momentum is building quietly — the next move could be explosive if it breaks the neckline.