🚨 $JTO /USDT ALERT: Breakout in Action! 🚨
$JTO is trading at $3.600, marking an impressive +21.95% surge in the last 24 hours. The price is testing critical levels, signaling a potential continuation of the bullish trend or a pullback. Let’s break it down:
🔑 Key Levels to Watch
Resistance:
$3.68: The 24-hour high and immediate resistance. A breakout here could push the price to new highs.
Support:
$3.54: Closest support, keeping the bullish momentum intact.
$3.34: A deeper support zone, critical for bulls to hold in case of a retracement.
🎯 Trade Setup
Long Entry: On a breakout above $3.68.
Targets: $3.80, $4.00, $4.20.
Stop Loss: Below $3.54.
Short Entry: On a breakdown below $3.54.
Targets: $3.40, $3.34.
Stop Loss: Above $3.68.
🔥 Market Insights
The RSI is near 80, indicating overbought conditions, but the bullish MACD crossover suggests momentum is still strong. A breakout above $3.68 could attract further buying pressure, while failure to hold $3.54 may lead to a retracement.
📈 Will JTO continue its climb, or is a correction around the corner? Stay alert for the next move!