$JTO /USDT

Technical Analysis

General Trend: A bullish trend is emerging in the short and medium term, as the price is trading above the major moving averages.

Support and Resistance:

Support: Potential support areas are $2.60 and $2.55.

Resistance: Potential resistance areas are $2.70 and $2.80.

Technical Indicators:

Relative Strength Index (RSI): Indicates bullish momentum, but has not reached the overbought zone yet.

MACD: Shows a bullish crossover, supporting the bullish trend.

Drawing targets and stop loss

Based on technical analysis, targets and stop loss can be determined as follows:

Targets:

🎯First target: $2.70 (Potential resistance level)

🎯Second target: $2.80 (Higher resistance level)

📛Stop loss:

Stop loss: $2.55 (Below support level)

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