Based on the current market analysis for the JTO/USDT pair, here are the important levels and recommendations:
đ Key levels for entry and exit:
- Buy: Open a position when the $1.977 (EMA 99) level is broken. A breakout of this level with increasing volumes will confirm the continuation of the uptrend.
- Targets (Take Profit):
- TP1: $2.029 â first target for profit taking.
- TP2: $2.100 is a more ambitious target if the trend continues to strengthen.
- Stop Loss: Set a stop loss below $1.836 to minimize risks in case of a reversal.
đ Indicators confirming the signal:
- RSI: The value of 74.44 indicates approaching the overbought zone. Watch for a possible correction if the RSI starts to decline.
- StochRSI: Strong overbought conditions at 98.966 also warn of a possible correction if the price fails to break through $1.977.
đ Recommendations:
- Watch for a break of $1.977 and an increase in volume to confirm the strength of the move.
- Overbought levels of RSI and StochRSI warn of a possible correction, so it is important to exercise caution.
đĄ Trade carefully and watch the market!
