$JTO 🦅

🦅🦅

$JTO is currently experiencing a pullback with a price drop of 6.44% in the last 24 hours. The market sentiment leans slightly bearish as the price is approaching key support levels 📉. However, the volume and volatility indicate that there might still be potential for a reversal, especially if it finds support near the $2.82 level.

Personal Opinion

The price action is in a corrective phase, but if #jto can hold the support around $2.82, there could be a possibility for a rebound toward the resistance levels. As the price is near the lower end of its range, it may present a good buying opportunity if the market stabilizes and shows signs of a trend reversal 🔄. However, caution is needed, as the downtrend may continue if support breaks.

Trading Signal

Entry: Consider entering around $2.82-$2.85 if there’s confirmation of support and a potential bounce.

Targets: First target at $3.00 , then aim for $3.15 if the price continues upward.

Stop-Loss: Place a stop-loss below $2.80, ideally around $2.75, to minimize risk.

#USJoblessClaimsDrop #BinanceAlphaAlert #BNBBhutanReserves #TraderEducation

Watch for price action confirmation around support levels before taking a position ⏳.