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$MITO (1H) - Short
Bias: Short
Entry (Zone): 0.02620 - 0.02660
Targets:
TP1: 0.02500
TP2: 0.02410
TP3: 0.02320
Stop Loss: 0.02720
Why this Setup:
I’m watching for this bounce to fail into the recent resistance area, since price has reclaimed the mid-range but is still below the prior swing highs. I want a rejection from this zone for a continuation move back toward the 0.0250 and 0.0240 support area.