📊 $JTO / USDT – Major Breakout Ahead?
#JTO is trading inside a Descending Triangle on the daily chart — a pattern that typically leads to strong breakout moves 📈
🔍 Technical Highlights:
Support Zone: Strong demand between $1.58 – $1.68
Resistance: Trendline resistance compressing price from the top
MA 50 acting as dynamic resistance
Price is currently bouncing from the lower support zone, showing bullish reaction
📈 What’s Next?
If $JTO holds this green support zone, a breakout above $2.00–$2.10 can trigger a move towards:
🎯 TP1: $2.41
🎯 TP2: $2.80
🎯 TP3: $3.24+
⚠️ However, a daily close below $1.58 could invalidate this bullish setup and lead to a drop toward previous lows.
🧠 Technical Bias: Bullish on Breakout Confirmation
📆 Pattern forming since Nov 2024 — long accumulation
