$MITO Market Update!
MITO just experienced a long liquidation of $1.37K at $0.16203, showing leveraged buyers were forced out. These shakeouts often spark volatility and set the stage for the next decisive move.
Key Levels:
• Support: $0.159 → holding this zone is critical for bulls.
• Resistance: $0.166 → reclaiming this area could open the door to fresh momentum.
Market Insight:
The liquidation signals weakness, but MITO is hovering close to strong support. If buyers defend this base, a rebound toward resistance is likely. A failure here, however, could extend the decline.
Trade Setup:
• Buy Entry: $0.1595 – $0.1620
• Target 1: $0.1655
• Target 2: $0.1680 (if bullish strength builds)
• Stop Loss: Below $0.158 for risk control.
Tip: Watch how MITO reacts around $0.166—breaking above with volume could trigger a quick push higher.
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