$JTO SOL house system has been on an uptrend since forming a local rounding bottom between December 9, 2023 and March 16, 2024. However, there was a pullback in the second half of March 2024 .
👉 JTO is currently active in building a cup-with-handle model. If we surpass 3.86 here, JTO could have a tp of $6.
The time to form the handle is at least 1-2 weeks. This is the adjustment period after the price rises to the peak, many investors will sell to take profits or break even.
The volume in the handle is often low, showing liquidity exhaustion, tight price adjustment, showing that no one wants to sell anymore or that large investors have collected enough goods and are waiting to push the price up.
The adjustment part of the handle is usually not too deep compared to the cup body, usually in the range of 10%-15% and located above the MA200 line.
👉 Everyone can pay attention and put it on the watch list.
👉 This is not investment advice, please do your own research to make a decision.
$SOL
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.