๐ $JTO $JTO $JTO
#JTO/USDTย
Long ๐ขย
Cross 20x
2.34-2.28
Targets:
1) ๐ฏ 2.41
2) ๐ฏ 2.47
3) ๐ฏ 2.55
4) ๐ฏ 2.65
5) ๐ฏ โฆ๐
๐จStop Loss: 2.20 โ
use 1-2%of your portfolio
Important Points:$JTO
1. Current Price: JTO is trading at $2.374, up 12.30%, showing a bullish trend for the day.
2. Moving Average:
MA(7): 2.369 (yellow line, short term)
MA(25): 2.379 (magenta line, medium term)
MA(99): 2.347 (blue line, long term)
The price is currently near the MA(99), indicating that the market is testing support at this level. Short-term and medium-term moving averages are close to each other, suggesting potential consolidation.
3. 24 Hour Limit:
More: $2.497
Low: $2.114
The price is relatively close to the 24-hour high, indicating that it is trading at the upper end of the range, which could indicate bullish momentum.
4. Volume:
24h Volume (JTO): 13.91M
24h Volume (USDT): 32.91M
Increased volume during the recent price rally indicates strong buying pressure.
Explanation:
Trend: The chart shows a short-term bullish trend based on the price moving above the MA(99) and the recent rise in price.
Resistance and Support:
Resistance is likely near $2.45 (recent high).
Support is around $2.33 (recent low).
Recommendations:
Bullish signal: If the price holds above $2.33 and breaks the resistance around $2.45, further upside may be possible.
Bearish signal: A break below $2.33 could be bearish, testing the lows.
It would be wise to monitor the next moves based on volume and whether the price sustains above the moving average for confirmation.