$MITO Showing Bearish Structure 📉
$MITO faced a strong rejection from the 0.043–0.044 supply zone, followed by heavy selling pressure. Since that rejection, the chart has been forming consistent lower highs and lower lows, showing that sellers are still in control.
Price is currently trading around 0.0364. If the 0.0360 support breaks, we could see further downside continuation toward the next liquidity zones.
Short Setup 👇
📍 Entry: 0.0363 – 0.0400
🎯 TP1: 0.0345
🎯 TP2: 0.0328
🎯 TP3: 0.0310
The price failed to reclaim the 0.040–0.041 resistance area after the breakdown, which confirms the bearish momentum. Every relief bounce is getting sold into, keeping the overall structure weak.
As long as 0.040 remains resistance, downside targets remain in play.
Watch the levels and trade wisely. 📊
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