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$MITO (1h) - Rejection Short
Bias: Short
Entry (Zone): 0.0460 - 0.0468
Targets:
TP1: 0.0442
TP2: 0.0428
TP3: 0.0408
Stop Loss: 0.0485
Why this Setup:
I’m still leaning short after the sharp pump into resistance and the quick rejection back below the local highs. I want to sell into any retest of the 0.0460 area, since momentum looks extended and the prior breakout zone should act as resistance if buyers fail to reclaim it.