$JTO Price Analysis – Breakout or Rejection?
$JTO is trading at $3.231, showing positive momentum with a 24-hour high of $3.258. The chart reveals a consolidation phase after a dip to $2.985, indicating a potential breakout or retracement.
Key Levels to Watch:
Resistance:
$3.25 (immediate resistance)
$3.47 (major breakout zone)
Support:
$3.14 (critical support)
$3.00 (strong fallback level)
Trade Setup:
Long Entry: Above $3.25 with targets at $3.30 and $3.47.
Short Entry: Below $3.14 with targets at $3.00 and $2.90.
Stop Loss: Tight stop loss around $3.20 for shorts and $3.28 for longs.
RSI is approaching overbought levels, suggesting caution for potential reversals. Keep an eye on volume spikes for confirmation of the next major move......