Technical Analysis for $JTO

/USDT:🚀🎯

1. Trend and Momentum Analysis:

Price Position: Currently trading at $2.89, slightly above the middle Bollinger Band ($2.897).

Bollinger Bands:

Tight band range suggests consolidation, with potential for a breakout.

Upper band ($2.922) serves as immediate resistance, while the lower band ($2.873) acts as support.

SAR (2.893): Very close to the price, signaling indecision but tilting toward upward momentum.

2. Volume Analysis:

24h volume of 11.68M JTO shows active trading, but the -2.986 depth indicates moderate selling pressure.

3. Key Levels:

Resistance Levels:

$2.92 (Bollinger upper band)

$3.00 (psychological resistance)

$3.12 (24h high)

Support Levels:

$2.87 (Bollinger lower band)

$2.80 (recent strong support)

$2.62 (24h low)

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Trade Signals:

1. Bullish Scenario:

If price breaks above $2.92 with strong volume:

Entry: $2.93

Targets:

1. 🎯 $3.00 (psychological level)

2. 🎯 $3.05 (minor resistance)

3. 🎯 $3.12 (24h high)

Stop-Loss: $2.87 (below Bollinger lower band)

2. Bearish Scenario:

If price breaks below $2.87:

Entry: $2.85

Targets:

1. 🎯 $2.80 (local support)

2. 🎯 $2.70 (key support level)

3. 🎯 $2.62 (24h low)

Stop-Loss: $2.93 (above Bollinger upper band)

3. Momentum:

Current momentum is neutral to mildly bullish, as price sits near SAR and Bollinger MB.

Watch for volume increase near $2.92 for confirmation of a breakout.

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