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$MITO is showing a clear upward structure with consecutive higher highs and higher lows. This indicates that the buyers are still in control of the trend and gradually pushing the price closer to an important resistance zone. The momentum remains stable, opening up the possibility of a continuation of the upward trend in the short term.
📈 Proposed trading strategy:
⟶ Entry zone (Long): 0.0510 – 0.0525
⛔ Stop loss: 0.0480
• Take profit 1 (TP1): 0.0550
• Take profit 2 (TP2): 0.0580
• Take profit 3 (TP3): 0.0620
Investors may consider splitting the take profit orders at different levels to optimize profits and reduce risks. If the price remains above the support zone and trading volume continues to increase, a strong breakout through the resistance is entirely possible.