$MITO’s 9.7% pump is bullish, not a dead-cat bounce. 🔥
Yeah, I said it.
Price is $0.007450 after a +9.1% 4h move, with $1.73M in 24h volume. RSI is only 56 and volume is 0.7x the 20d average. That’s what bears are missing: this isn’t euphoric yet.
The chart is still below the 20d and 50d MAs, and MITO sits 54% below its 30d high. Ugly structure, improving pressure. Funding is 0.000%, so longs aren’t paying to chase.
At $0.008, I’d watch the reaction, not blindly fade it. $SOL often rallies with crowded leverage. MITO isn’t there yet. ⚡
#MITO #Web3 #Trading
Yeah, I said it.
Price is $0.007450 after a +9.1% 4h move, with $1.73M in 24h volume. RSI is only 56 and volume is 0.7x the 20d average. That’s what bears are missing: this isn’t euphoric yet.
The chart is still below the 20d and 50d MAs, and MITO sits 54% below its 30d high. Ugly structure, improving pressure. Funding is 0.000%, so longs aren’t paying to chase.
At $0.008, I’d watch the reaction, not blindly fade it. $SOL often rallies with crowded leverage. MITO isn’t there yet. ⚡
#MITO #Web3 #Trading