In four days, a large number of tokens will be unlocked. Historically, there tends to be a surge before token unlocks. It is advisable to enter with a low multiple (below 5 times, suggested at three times) with a light position.
On the technical side, JTO is severely oversold on the four-hour CCI level. The previous surge is now consolidating and is nearing its end. Today's spike did not result in a significant drop in volume, indicating that it is still in a buildup phase. Additionally, it has broken below a series of previous lows, triggering a large number of long position stop losses. The MACD on the four-hour level is about to produce a golden cross.
Moreover, JTO is the largest liquidity staking platform on the SOL chain, and its fundamentals are very strong, with significant future potential.
The suggested entry point is between 3.2 and 3.4, with a stop loss recommended at 3.17, approximately an 8-point stop loss. The expected take profit level is between 4.1 and 4.3. If there is no surge within three days, you can directly close the position. The risk-reward ratio is very favorable.