It will be relatively easy for JTO to reach 4.1 USDT.
In the Challenge from 100 to 1000 USDT, we cannot take advantage of this opportunity 💥 because our liquidity is committed to ENS.
However, we wish to share this analysis.
At 41.45 USDT, 1.29 million contracts were traded, serving as resistance or a magnet for the price.
The stop-losses of the bears at the levels of 3.90, 3.96, and 4.08 USDT could be triggered, forcing them to buy by liquidating their positions.
This would generate upward pressure, pushing the price to higher levels.