$JTO /USDT – Bearish Breakdown Continues!
Momentum Analysis:
JTO/USDT is in a strong downtrend, losing -17.88% in the past 24 hours. Price dropped from a 24h high of $2.692 to a low of $2.117, currently consolidating near $2.159. Increased sell pressure is evident with $17.28M USDT volume, suggesting further downside risk.
Short Setup:
Entry Zone: $2.20 - $2.24
Targets:
T1: $2.05
T2: $1.92
T3: $1.80
Stop Loss: $2.28
Breakdown Confirmation & Key Support:
Breakdown confirmed below $2.25
Major support at $2.05, with extended downside to $1.92
Pro Tip for Traders:
Wait for a short entry near $2.20-$2.24 if price rejects this level. Volume spikes indicate strong selling, so avoid long positions until a clear reversal signals.