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Wait a minute, is $MITO about to play the same game again?
It's been a slow grind down after rejecting that $0.092 peak yesterday. You can see the steam running out.
We're consolidating right now, sitting right on $0.085. The recent low was around $0.0823, which is the immediate support to watch. That area has held up a couple of times already.
The volume is also pretty low at $1.51M. Not enough conviction yet from either side to make a big move. The Order Book is heavier on the Bid side at 65.15%, which suggests people are interested in buying lower.
If we break $0.085 here, we test the lows. If we hold and start pushing back up, the first resistance is that $0.087 to $0.088 zone.
Right now, it’s a wait and see setup. No need to rush.
#MITO #CFTCPushesForLeveragedCryptoTrading