$JTO
🏆JTO/USDT Market Analysis✍️
Market Overview:
Last Price: $3.5031 (+15.57%)
24h High: $3.6825
24h Low: $2.9362
24h Volume:
JTO: 102.13M
USDT: 344.70M
Key Moving Averages:
MA(7): $3.4641
MA(25): $3.4465
MA(99): $3.3609
Support and Resistance Levels:
Support:
$3.2941 (near MA(25))
$2.9362 (24h Low)
Resistance:
$3.6825 (24h High)
$3.6992
Volume & Momentum:
Volume: 563,670 JTO and 344.70M USDT traded, indicating significant market activity.
Momentum: The price is trending above the short-term moving averages (MA(7) and MA(25)), suggesting a bullish market sentiment. However, the resistance at $3.6825 might act as a barrier for further upside movement.
Potential Trading Strategy #TraderEducation
Scalping:
Entry: $3.45 - $3.50
Targets:
$3.6825 (24h High)
$3.6992
Stop Loss: $3.2941
Day Trading:
Entry: $3.40 - $3.45
Targets:
$3.6825
$3.6992
Stop Loss: $3.2941
Swing Trading:
Entry: $3.30 - $3.40
Targets:
$3.6825
$3.80
Stop Loss: $2.9362
Analysis Highlights:
Bullish trend confirmed by the price being above the moving averages, but key resistance at $3.6825 could limit further upside.
Support is located around $3.2941 (MA(25)) and $2.9362 (24h Low).
Strong trading volume and upward momentum suggest potential for further gains, provided the resistance is breached.
