$JTO Bearish Momentum

Short Trade Setup:

Entry Price: $2.270

TP 1: $2.19

TP 2: $2.08

TP 3: $2.00

SL: $2.450

Why this signal?

JTO is showing signs of a potential short-term top, with price rejecting the $2.365 resistance level and forming lower highs. This, coupled with fading volume, suggests weakening bullish momentum.

The price is struggling to establish a foothold above a critical resistance level. On lower timeframes, momentum indicators are showing signs of slowing down and bearish divergence, indicating a potential reversal. A decisive break below $2.25 would likely confirm further downside movement.

Buy and trade $JTO