Will $MITO drop through the 0.00988 barrier on the 1‑hour chart? I see the 4‑hour structure locked in a downtrend and the 1‑hour confirming with lower lows.
The price is hovering just above my entry window of 0.0098802 to 0.0099198, and a break lower would give me a clean short. My first profit target sits at 0.0091080, a second at 0.0084744, and a final exit near 0.0078408.
I’m protecting the trade with a stop at 0.01069, just above the recent swing high. Honestly, volume has been tapering as the down move gains momentum.
Does the current weakness suggest the next candle will pierce the 0.00988 level?
The price is hovering just above my entry window of 0.0098802 to 0.0099198, and a break lower would give me a clean short. My first profit target sits at 0.0091080, a second at 0.0084744, and a final exit near 0.0078408.
I’m protecting the trade with a stop at 0.01069, just above the recent swing high. Honestly, volume has been tapering as the down move gains momentum.
Does the current weakness suggest the next candle will pierce the 0.00988 level?