【$MITO Signal】1H Bollinger lower band support, pullback to initiate long position

$MITO 1H RSI drops to 47.5, Bid/Ask depth ratio 0.43, sell orders are somewhat thick on the wall. 4H MACD histogram shrinks to 0.0011, bullish momentum is weakening but not yet bearish. Price is close to the 1H Bollinger lower band at 0.0646, with small buy orders appearing several times in this area. The current risk-reward ratio is 0.46, somewhat conservative, but the space below the lower band is manageable.
🎯Direction: Long
⚡Entry: 0.068 (recommended range 0.06333-0.07116)
🛑Stop loss: 0.05592
🚀Target 1: 0.07814
🚀Target 2: 0.08555
🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss up to entry price 0.068. If the price falls below 0.0633 (lower boundary of the range), abandon the original plan and wait for a better structure.
Depth logic: The 4H uptrend channel remains intact, and after the 1H pullback to the lower band, selling pressure is being absorbed. Watch whether buy orders above 0.07 can re-accumulate. Funding rate at 0.005% is relatively low, with no short squeeze risk, but also no extreme bullish crowding. If a volume-increasing bullish engulfing candle appears on the 1H, it can be seen as a confirmation on the right side.
Check real-time market 👇 $MITO
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