$MGO โ€“ Triple Bottom Setup on 30mins Chart ๐Ÿ’ฅ

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

๐Ÿ“Š Pattern Breakdown:

Bottom 1: Formed on June 29 post-sharp selloff

Bottom 2: Retested the same zone with low volume โ€” sign of seller weakness

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

๐ŸŸช The entire price action is now squeezed into a descending triangle breakout zone, with the neckline resistance clearly sitting at 0.01580.

Key Levels ๐Ÿ”‘

Breakout trigger: Above 0.01580 โ€“ confirmation of triple bottom

Short-term target: 0.0166 โ€“ 0.0170

Support base: 0.0150 must hold to validate the structure

Volume confirmation is still pending โ€” breakout needs stronger bullish follow-through

This isnโ€™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 โ€” the next move could be explosive if it breaks the neckline.