🚀$JTO Breaking Back: Is the Trend Reversal Real or a Bull Trap? 🧠

📖 The Chart Story (1H + 4H View)

$JTO printed a powerful comeback after a sharp selloff — forming a clean V-shape recovery on 1H and pushing through key EMAs.

📍Current Price: $1.831

📈 1H RSI: 63.38 → Near Overbought

📈 4H RSI: 54.66 → Still has room

✅ Reclaimed 20/50/100/200 EMAs on 1H

✅ 4H attempting breakout above $1.83 cluster resistance

🧠 Market Thinking

Price is above $1.798 major MA, testing $1.833–$1.859 resistance

RSI rising with price = strong momentum

But 1H RSI nearing exhaustion = possible short-term consolidation

Break above $1.86 = clean sky toward $2.00

🎯 Strategy Setup

🔹 Support Zone: $1.79–$1.80

🔹 Entry Opportunity: Dip to $1.81–$1.82 with bullish continuation

🔹 Targets:

— 1st: $1.86

— 2nd: $1.94

— Final: $2.00+

🛑 Stop-Loss: Below $1.78 (break below key EMAs = invalidation)

💡 Quick Insight

$JTO looks technically strong, but short-term RSI suggests a minor cool-off could come first. Best move? Wait for a retest → enter on confirmation.

📌 "Smart money doesn’t chase the spike… it waits for the retest."

💬 Planning to ride the JTO wave or waiting for the dip?

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