$JTO Analysis and Trading Strategy
$JTO is experiencing a reversal bounce with bullish momentum, trading at $1.74 with a 6.15% increase. The price has recovered from the $1.622 low and is now testing the $1.75 resistance zone.
Key Levels to Watch
- *Entry Zone:* $1.7350-$1.7400 - consider entering long positions within this range
- *Targets:*
- *Target 1:* $1.75
- *Target 2:* $1.77
- *Target 3:* $1.80
- *Stop Loss:* Below $1.71, to limit potential losses if the price drops
Market Outlook
The order book shows a balanced market with a slight buy-side bias (50.27% buy vs 49.73% sell), indicating indecision but with bullish potential after the sharp rebound. Holding above $1.72 keeps momentum with buyers. A breakout above $1.75 with strong volume could send $JTO soaring to $1.80!
