š$JTO JTO/USDT Price Analysis š
Current Price: $3.009 (-7.22%)
JTO is experiencing a sharp downtrend, breaking below the critical $3.00 support zone, with sellers dominating the market.
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Key Statistics
24H High: $3.301
24H Low: $2.985
24H Volume (JTO): 3.19M
24H Volume (USDT): 10.08M
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Technical Levels to Monitor
1. Support:
Immediate support at $2.985.
Strong support at $2.850.
2. Resistance:
First resistance at $3.100.
Major resistance at $3.300.
3. Indicators:
MACD: Bearish momentum continues, with negative divergence.
Volume: Increased selling pressure evident in the trading volume.
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Trading Strategy
ā Bearish Continuation:
Entry: Short below $3.000 with targets at $2.950 and $2.850.
Stop Loss: Above $3.100.
ā Bullish Reversal Setup:
Entry: Long above $3.100 with targets at $3.200 and $3.300.
Stop Loss: Below $2.985.
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Market Sentiment
The market sentiment remains bearish for JTO as it tests key support zones. A decisive break below $2.985 could accelerate the downtrend. Conversely, reclaiming $3.100 might attract buyers for a potential recovery.
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