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Wait, did everyone just miss that massive liquidity grab at the bottom?
Looking at $MITO right now and it’s actually moving exactly how I hoped. We saw that nasty dip down to $0.03371 earlier this month, but the recovery since then has been super steady.
Right now, we’re sitting at $0.04438. We just wicked up to $0.04769 and pulled back a bit, which is totally normal. It’s testing the local resistance. If the volume keeps holding up like it is on the 24h stats, I’m looking for a clean flip of that $0.047 level into support.
If we consolidate here for a minute, the next leg up could be pretty fast. Just watching to see if the bulls can keep this momentum or if we need one more retest of the lower 4s first.
Still feels like there's room to run. Keeping a close eye on the order book.
#CrudeOilPriceRose