@Mitosis Official
$MITO
Mito has experienced a severe price drop to 0.14, which may be due to pressure from the unlocking of a large volume of tokens and users entering large long positions that led to the exchange continuously sweeping liquidity to reduce prices! Greed in longing has caused Mito long holders to rush into the fire; the more they enter long positions, the lower the price goes without any stopping point! Instead of safe spot trading, most prefer to take risks with long positions.
Currently, Mito has broken through the bottom resistance, so the price may plunge deeply until all long positions are wiped out.
Advice: Observe the appropriate entry points by buying spot. Avoid futures long that cause prices to drop deeper and deeper without recovery. Don't kill each other anymore.