$JTO /USDT Market Analysis & Trading Strategy
Key Support & Resistance Levels
📌 Resistance Levels:
$2.20 - $2.22 → Immediate resistance (MA(25) & MA(99) zone).
$2.25 - $2.28 → Stronger breakout resistance.
📌 Support Levels:
$2.19 → MA(7) short-term support.
$2.18 - $2.166 → 24h low & demand zone.
$2.16 - $2.15 → Potential deeper support.
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Technical Indicators & Market Trend
✔ Moving Averages:
MA(7) = $2.19 (current price sitting on it).
MA(25) = $2.20 (resistance zone).
MA(99) = $2.224 (long-term trend still holding).
✔ Volume Analysis:
Decent 24h trading volume (~$4.59M USDT).
Downward momentum but nearing key support zones.
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Trade Strategies – Bullish & Bearish Scenarios
📈 Bullish Trade Setup: (If price holds above $2.18)
Entry: $2.18 - $2.19 (if it stabilizes).
Target 1: $2.22 - $2.224 (MA(99) level).
Target 2: $2.25 - $2.28 (breakout resistance).
Stop Loss: Below $2.16 (to limit downside risk).
📉 Bearish Trade Setup: (If price drops below $2.166)
Entry: $2.16 - $2.18.
Target 1: $2.15 - $2.14 (next strong support).
Target 2: $2.10 - $2.08 (deeper correction).
Stop Loss: Above $2.22 (to control risk).
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Market Sentiment & Risk Management
✔ Bullish Above: $2.19 - $2.22 (needs breakout above MA(25)).
✔ Bearish Below: $2.166 - $2.15 (if sellers take control).
✔ Neutral Zone: $2.16 - $2.19 (choppy consolidation).
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