A strong rejection doesn't always mean the trend is over. If buyers defend support, a relief bounce is possible.
$MITO /USDT – LONG
Trade Plan:
Entry: 0.02460 – 0.02480
SL: 0.02420
TP1: 0.02540
TP2: 0.02620
TP3: 0.02700
Why this setup?
Price is attempting to stabilize after a sharp sell-off, with buyers stepping in near intraday support.
Long lower wicks suggest selling pressure is weakening.
A successful hold above 0.02450 could trigger a recovery toward the recent resistance zone.
Risk-to-reward becomes attractive as long as support remains intact.
Debate:
Will MITO build a higher low and recover toward 0.02700, or will sellers break support and invalidate the bounce?
$MITO
$MITO /USDT – LONG
Trade Plan:
Entry: 0.02460 – 0.02480
SL: 0.02420
TP1: 0.02540
TP2: 0.02620
TP3: 0.02700
Why this setup?
Price is attempting to stabilize after a sharp sell-off, with buyers stepping in near intraday support.
Long lower wicks suggest selling pressure is weakening.
A successful hold above 0.02450 could trigger a recovery toward the recent resistance zone.
Risk-to-reward becomes attractive as long as support remains intact.
Debate:
Will MITO build a higher low and recover toward 0.02700, or will sellers break support and invalidate the bounce?
$MITO