MITO/USDT with a quick shot trade analysis.
š Quick Trade Analysis (MITO/USDT)
Current Price: 0.2009 (ā4.52%)
Trend Check:
MA(7) = 0.2003 ā ā Price slightly above short-term average
MA(25) = 0.2043 ā ā Price below mid-term average
MA(99) = 0.2365 ā ā Price well below long-term average
Support: 0.1942 (24h low) ā 0.1914 (deeper support)
Resistance: 0.2131 (24h high) ā 0.2170 ā 0.2298 ā 0.2365 (MA99)
Volume: 1.33M vs MA(5) 1.59M ā š½ weaker than normal ā buyers losing strength.
Risk/Reward (R:R):
Entry: 0.2009 (current)
Stop-loss: 0.1940 (below support)
Target 1: 0.2130 (short bounce)
Target 2: 0.2290ā0.2360 (swing test)
Risk: ~0.0069 (ā3.4%)
Reward: ~0.012ā0.036 (+6%ā17%) ā R:R ~1:2 to 1:5 ā strong if bounce holds.
š¹ Shot Profit Plan
Buy Zone: 0.198ā0.202
Stop-loss: <0.194
Take-Profit: 0.213 (short) / 0.229ā0.236 (swing)
Bias: Oversold short-term ā rebound likely, but volume must pick up for bigger run.
#DogecoinETFProgress #MarketPullback #Write2Earn #MarketPullback $MITO

