#BinanceBlockchainWeek #Binance

Looking at the data shown in the chart of the JTO/USDT pair:

Technical analysis:

1. Current price:

• The price is at 3.885 (+9.59% in 24 hours), reflecting a clear bullish momentum.

2. Trading volume:

• Good trading volume (14.36M for JTO and 55.68M for USDT), reflecting increased interest from traders.

3. Moving averages (MA):

• MA (7-day): 3.816

• MA (25-day): 3.812

• MA (99-day): 3.832

• The averages indicate a slight bullish crossover as the current prices are above the averages.

4. Price action:

• The price bounced off the support level of 3.694 and continued to rise, showing buying power in the market.

5. RSI (Relative Strength Index):

• Not clear in the picture, but based on the general trend, it seems that the RSI may be in a moderate zone (between 50-70), which means room for further upside.

Recommendation:

1. Should I recommend buying now?

• Yes, with caution if you are looking for short-term gains. The upside momentum seems to be continuing at the moment, but it is better to wait for a slight correction to get a better entry price.

2. Risk Management:

• Stop Loss: Below the nearby support level at 3.69.

• Take Profit: At the nearby resistance levels (4.15 or above).

3. When to avoid buying?

• If you notice a significant drop in trading volume or the RSI rises to the overbought zone (>70).

Conclusion:

The current trend is positive, and there is a chance for further upside if liquidity and momentum continue

$$JTO