Not financial Advice. I traded 1 ethereum for MITX about a month ago. I think morpheus labs has a real product and existing customers. I like the chart and the scarce supply of the token. Other than that I am gambling with some lesser known coins like MITX. Although these are the ones that tend to surprise us the most. I will take profit on MITXETH at the top...
A daily close below the horizontal line would be very bad. It would indicate a price discovery to the downside. I think we could see some upwards price action in the coming days.