$MGO – Liquidity Sweep, Now at a Critical Reaction Zone
$MGO
MGO
Alpha
0.026949
+2.02%
just printed a sharp downside wick into the 0.0203 area, which looks like a classic liquidity sweep after a long period of tight consolidation around 0.0215–0.0218. On the 15m chart, that move flushed weak hands, but price quickly stabilized back above the sweep low — a sign selling pressure may be exhausting rather than accelerating. As long as MGO holds above 0.0203–0.0205, the structure remains neutral-to-constructive, with potential for a bounce back into the prior range.
Trade setup:
Long on hold above 0.0205 or reclaim of 0.0218
Stop loss: below 0.0200
Targets: 0.0228 → 0.0240