resistence
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$JTO Bulls Trying to Take Control Again
Support bounce in play with possible retest coming
Jito bounced nicely from the $1.84 zone and is now holding above $1.94. Bulls are trying to push back toward the $2.00 level. Momentum is building again, but #resistence is near.
Long Trade Setup:
• Entry Zone: $1.90 – $1.95
• Stop Loss: Below $1.84
• Target 1: $2.00 – Psychological level
• Target 2: $2.01+ – Breakout zone
⚠️ Risk Note:
Price may dip again before the next move.
Better entries are on small pullbacks or if candle closes above $1.95.
Next Move:
If JTO holds above $1.90 and breaks $1.95 clearly, bulls could test $2.00 again.
A strong break may lead to further upside toward $2.05–$2.10.
$JTO
Support bounce in play with possible retest coming
Jito bounced nicely from the $1.84 zone and is now holding above $1.94. Bulls are trying to push back toward the $2.00 level. Momentum is building again, but #resistence is near.
Long Trade Setup:
• Entry Zone: $1.90 – $1.95
• Stop Loss: Below $1.84
• Target 1: $2.00 – Psychological level
• Target 2: $2.01+ – Breakout zone
⚠️ Risk Note:
Price may dip again before the next move.
Better entries are on small pullbacks or if candle closes above $1.95.
Next Move:
If JTO holds above $1.90 and breaks $1.95 clearly, bulls could test $2.00 again.
A strong break may lead to further upside toward $2.05–$2.10.
$JTO
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Why are Supports and Resistances so important in the market?
If you trade or follow the cryptocurrency market, you have probably heard about support and resistance. But... do you really understand why these points are so important?
Support:
It is a region where the price tends to stop falling and start rising. It acts like a "floor" — an area where buying pressure is usually higher, preventing stronger declines.
Resistance:
It is the opposite. A region where the price tends to stop rising and start correcting. It is like a "ceiling" — a barrier where many sellers appear.
Why are they important?
They are decision points in the market.
Traders use these levels to plan entries, exits, and even stops.
Where many see danger, others see opportunity.
Breaking a resistance can lead to strong surges.
Losing a support can lead to sharper declines.
Understanding these levels is essential for those who want to trade more consciously and reduce risks in the market.
And you? Do you usually trade looking at support and resistance?
Comment below!
#Resistence #Support
If you trade or follow the cryptocurrency market, you have probably heard about support and resistance. But... do you really understand why these points are so important?
Support:
It is a region where the price tends to stop falling and start rising. It acts like a "floor" — an area where buying pressure is usually higher, preventing stronger declines.
Resistance:
It is the opposite. A region where the price tends to stop rising and start correcting. It is like a "ceiling" — a barrier where many sellers appear.
Why are they important?
They are decision points in the market.
Traders use these levels to plan entries, exits, and even stops.
Where many see danger, others see opportunity.
Breaking a resistance can lead to strong surges.
Losing a support can lead to sharper declines.
Understanding these levels is essential for those who want to trade more consciously and reduce risks in the market.
And you? Do you usually trade looking at support and resistance?
Comment below!
#Resistence #Support
#Btc #support #Resistence
Bitcoin (BTC) is showing strong bullish momentum this month. After crossing the $120,000 mark, BTC hit a new high of around $123,000. This rise is mostly due to large investments from financial institutions and the approval of Bitcoin ETFs in the U.S. These funds are making it easier for big players to invest in BTC, adding trust and liquidity to the market.
At the same time, new crypto-friendly laws in the U.S., like the “Clarity Act,” are giving investors more confidence. However, some whales (big holders of BTC) have recently sold thousands of coins worth billions. This may cause some short-term price drops.
Despite small dips, Bitcoin is holding above the key $118,000 support level. If it stays above this level, we might see it push toward $125,000 and even higher. But if it drops below $116,000, it could face more selling pressure.
Overall, the long-term trend looks positive as demand keeps growing and regulations become cleare$BTC
Bitcoin (BTC) is showing strong bullish momentum this month. After crossing the $120,000 mark, BTC hit a new high of around $123,000. This rise is mostly due to large investments from financial institutions and the approval of Bitcoin ETFs in the U.S. These funds are making it easier for big players to invest in BTC, adding trust and liquidity to the market.
At the same time, new crypto-friendly laws in the U.S., like the “Clarity Act,” are giving investors more confidence. However, some whales (big holders of BTC) have recently sold thousands of coins worth billions. This may cause some short-term price drops.
Despite small dips, Bitcoin is holding above the key $118,000 support level. If it stays above this level, we might see it push toward $125,000 and even higher. But if it drops below $116,000, it could face more selling pressure.
Overall, the long-term trend looks positive as demand keeps growing and regulations become cleare$BTC
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