$MITO/USDT

Current Price: 0.2586
Target Price:

- TP1: 0.2500 (short-term support)
- TP2: 0.2200 (Fibonacci extension level)
Stop loss price: higher than 0.3200

Reasons for shorting:

1. Trend reversal signal: The price encounters resistance and falls back at the key resistance level of 0.3200, forming a "double top" bearish pattern, with MA( diverging from MA).
2. Support Break Risk: If the strong support zone at 0.2753 is breached, it will open up downward space of 0.2200+ (Fibonacci 61.8% retracement level)
3. Volume and price divergence: During the rising phase, the trading volume shrinks to an average of 0.6 times per day, while during the falling phase, the volume increases to 1.8 times, indicating clear signs of capital outflow.
4. Indicator Verification: RSI(14)=68 (overbought area turning down), MACD red bars shortening, KDJ forming a death cross.
5. Capital Flow: Net short positions in contracts increased by 63%, funding rate -0.032% (shorts dominate)
6. Risk and Return: Stop loss at 0.3200 corresponds to target 0.2200, risk-reward ratio ≈ 3.8:1

Key Technical Features:

- The daily chart has formed a "descending triangle" breakout pattern, with the neckline at 0.2753.
- The middle line of the Bollinger Bands is turning down, and the price has touched the lower band (0.250)
- Fibonacci retracement levels: 0.2753 is the 38.2% retracement level, 0.2200 is the 50% retracement level.

Risk Management:

- Recommended single transaction risk ≤1.2% position
- After breaking below 0.2500, the stop loss can be moved down to 0.2753.
- Closely monitor the effectiveness of the short-term support at 0.2650

Key Risks:

- If the price breaks through 0.3200 and holds, immediate stop loss is required.
- Extreme volatility may trigger liquidity gaps

This content is for reference only and does not constitute investment advice.