$JTO /USDT, here’s a technical analysis with three target levels and the trade momentum:

Technical Analysis:

Current Price: $2.991

24h High: $3.301

24h Low: $2.990

Trend: Bearish (currently experiencing a downtrend with a 6.968% drop)

Support Level: $2.990 (near the 24h low)

Resistance Level: $3.301 (24h high)

Target Levels (🎯):

1. Target 1: $3.05 (Short-term resistance level)

Price is attempting to recover after hitting a local low of $2.99. A bounce back to $3.05 could be the first target if there is a mild retracement.

2. Target 2: $3.15 (Intermediate resistance)

The price could face resistance around this level as the market sentiment adjusts. A clear breakout above this level could indicate a stronger upward trend.

3. Target 3: $3.30 (Preceding 24h High)

If the price pushes past $3.15, it could test the $3.30 level, aligning with the previous high and confirming a continuation of the uptrend.

Trade Momentum:

Bearish Momentum: Currently, the market is showing bearish signals, with a 6.968% decline in the last period. The depth indicator also shows a negative value (-3.255%), suggesting that selling pressure is dominant.

Possible Reversal: Look for signs of a potential reversal at the support level of $2.99. If the price stays above $2.99 and shows signs of consolidating, a short-term upward momentum could be expected.

Trading Signal:

Buy Entry: If price holds above the $2.99 support and shows signs of a bounce back, enter a long position with a stop loss just below $2.90 (to protect from further downside risk).

Take Profit: Target take-profit levels at $3.05, $3.15, and $3.30 for a tiered exit strategy.

Stop Loss: Set a stop loss below $2.90 to protect from larger downside moves.

Note: Always consider the overall market sentiment and risk management strategies when trading. Adjust your positions if the momentum shifts significantly.

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