$JTO /USDT gaining momentum – Is a breakout on the horizon?

$JTO /USDT has risen by 4.26%, currently trading at $2.278 after bouncing from a low of $2.154 and nearing its 24-hour high of $2.289.

Key Market Data

Current Price: $2.278

24H High: $2.289

24H Low: $2.154

24H Volume: 3.38M JTO / 7.50M USDT

Support and Resistance Levels

Support:

$2.220 – Initial support zone

$2.180 – Stronger downside protection

Resistance:

$2.290 – Immediate breakout level

$2.350 – Stronger resistance if the momentum continues

Trade Setup and Targets

Entry Zone: $2.260 – $2.280 for an ideal entry

Target Points:

TP1: $2.290 – Breakout confirmation

TP2: $2.320 – Mid-level target

TP3: $2.350 – Higher resistance zone

Stop Loss: $2.180 to mitigate potential downside risk

Market Sentiment and Indicators

Stoch RSI and MASTOCHRSI are both at 100, indicating extreme overbought conditions, suggesting caution for new entries.

The price action suggests a bullish continuation, but a retracement is possible before a further breakout.

Pro Tip

Watch for a confirmed 15-minute candle close above $2.290 to signal bullish continuation. A strong breakout with volume could push JTO/USDT toward higher targets.

With momentum building, JTO/USDT is positioned for further upside potential. Keep an eye on volume and breakout signals to ride the next wave upward.