JTO
JTOUSDT
0.5499
+3.83%

JTOUSDT is going down after a strong pump. Based on the fact that an asset usually falls back to the price where the impulse started, I expect the local short trend to continue.

Yesterday, the decline stopped at 0.4761, from which the price bounced up. However, right now we already have a fakeout (which confirmed the existence of the level), and we can see how the price is heading back towards the support after the correction.

Therefore, if there is good volatility and an entry point forms according to the trading strategy, we can expect a great short.

NFA. DYOR.

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