๐ป $JTO /USDT โ Short Setup Brewing as Bulls Lose Steam ๐งจ
Price surged, but now $JTO is starting to wobble. After touching resistance at $2.365, the momentum is fading, and the chart is printing lower highs โ a classic sign of buyer fatigue. With volume dropping and rejection at key resistance, this could be the setup for a tactical short.
๐ Current Price: $2.28
๐ 24H Range: $2.077 โ $2.365
๐ Volume (24H): 3.54M JTO / 8.00M USDT
โ๏ธ Short Entry Zone:
๐ Between $2.270 โ $2.290
Ideal zone to position for a fade if weakness continues.
๐ฏ Profit Targets:
TP1: $2.19 โ First key support area, short-term bounce possible here
TP2: $2.08 โ Mid-range consolidation level from last impulse
TP3: $2.00 โ Major psychological and technical level, full move target
๐ Stop-Loss:
Set above $2.39 to guard against sudden reversal or breakout traps
๐ Technical Outlook:
Lower highs forming on 1H and 4H
Volume trailing off post-pump
RSI cooling from overbought zone