$MITO
Following MITO/USDT.
> Price 0.00926 (+10.39% today), high 0.00980, low 0.00826, volume 141M MITO / 1.24M USDT.
It comes after a sharp drop since 22/10, down 28% in 7 days and 43% in 30 days. It’s now trying to reverse from 0.00823.
> Technically, it’s recovering the MA7 (0.00858) and is right at the upper Bollinger Band (UP 0.00962). Immediate resistance is at the Supertrend at 0.00987 and the MA25 at 0.00905. If it closes a 4H candle above 0.00962–0.00987 on volume, the next leg toward 0.01040 is in play.
> I see it as a watchlist candidate for a short-term rebound trade, not for holding. Stop below 0.00822 / 0.00826 (lower band and daily low), with staggered profit-taking. High risk, low market cap.
If you want, it’s a nice reversal candle on the 4H, but the broader trend is still bearish because the MA99 is at 0.01253, far above. This is purely a technical recovery.#EarningsSeason
Following MITO/USDT.
> Price 0.00926 (+10.39% today), high 0.00980, low 0.00826, volume 141M MITO / 1.24M USDT.
It comes after a sharp drop since 22/10, down 28% in 7 days and 43% in 30 days. It’s now trying to reverse from 0.00823.
> Technically, it’s recovering the MA7 (0.00858) and is right at the upper Bollinger Band (UP 0.00962). Immediate resistance is at the Supertrend at 0.00987 and the MA25 at 0.00905. If it closes a 4H candle above 0.00962–0.00987 on volume, the next leg toward 0.01040 is in play.
> I see it as a watchlist candidate for a short-term rebound trade, not for holding. Stop below 0.00822 / 0.00826 (lower band and daily low), with staggered profit-taking. High risk, low market cap.
If you want, it’s a nice reversal candle on the 4H, but the broader trend is still bearish because the MA99 is at 0.01253, far above. This is purely a technical recovery.#EarningsSeason
