#美联储重启降息步伐 MITO I'm bullish on this move—the logic is actually very solid.



To be honest, MITO dropped pretty hard a while ago, shaking out a lot of retail investors who were just following the trend. Now, the price has been consolidating at the bottom for some time. What does this mean? The chips are locked in, and the bears don't have the strength to keep selling. If you look at the order book details, it's even clearer—the buying orders at the bottom are getting denser, shifting from sporadic small orders to continuous support. This is a classic sign that the main players are accumulating at the bottom. As soon as the trading volume picks up a bit, the price could break out of the consolidation range at any moment.

The technicals are interesting too. The moving averages are converging, the candlesticks have stabilized after the drop, and there's already a reversal signal on the shorter timeframes—this is what the night before an oversold rebound looks like. Plus, the overall market sentiment has warmed up recently, and mid- to small-cap coins like MITO tend to be more responsive than the majors when the market turns bullish—that's just how it works.

All things considered, the risk with MITO is manageable right now, and there's plenty of upside—it's a good spot to take a position. I've already entered a small position with my buddies, strictly controlling risk, and once the main uptrend kicks in, we'll all profit together. I'll also keep an eye on $SOL, $ETH , and other related on-chain hot topics.
MITO1.28%
SOL4.09%
ETH6.07%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
tx_pending_forevervip
· 17h ago
Yeah, I've heard the "accumulating at the bottom" narrative way too many times, and most of the time it ends up being the eve before retail gets dumped on.
View OriginalReply0
LightningLadyvip
· 12-08 10:11
The bottom has indeed accumulated positions; retail investors have already been shaken out. Now it all depends on when the trading volume will surge.
View OriginalReply0
BankruptWorkervip
· 12-08 10:10
I've heard this "accumulating at the bottom" theory a hundred times already. Last time you said the same thing, but it kept dropping.
View OriginalReply0
GasFeeAssassinvip
· 12-08 10:09
I've heard the saying about "accumulating at the bottom" too many times. Every time they say the main players are accumulating, but then it keeps dropping—I’m honestly numb to it. But the MITO order book is actually quite interesting. There’s indeed intensive buying at the lower levels, so no problem there. Now it just depends on whether it can really break out with volume.
View OriginalReply0
LowCapGemHuntervip
· 12-08 09:58
How many times have we heard the story about accumulating at low levels? And what’s the result? Yet another round of retail investors getting harvested.
View OriginalReply0
LuckyHashValuevip
· 12-08 09:50
Buying at the bottom really tests your mindset. I'm also waiting for this MITO rebound.
View OriginalReply0
WalletDetectivevip
· 12-08 09:48
The concentrated support at the bottom is indeed impressive; the main players wouldn't dump orders for no reason.
View OriginalReply0
AirdropHuntervip
· 12-08 09:48
Oh no, here comes that "accumulating at the bottom" talk again. Every time they say this, how does it end up?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)