#jto $JTO
Waiting for Finora AI - $JTO 12h
- At the moment, the JTOUSDT price is at the level of 0.359 and is trying to hold just above the last swing low, where a clear liquidity sweep occurred, after which, it seems, a reaction followed.
- The range 0.358-0.345 acts as a strong demand zone, the price has clearly found buyers in this area, after the liquidity sweep I expect an upward reaction.
- My first targets are the levels 0.407 and 0.422, these zones are resistances from which profit can be taken in the short term. If the price makes a strong breakout here, movement may continue to the levels 0.475 and 0.511.
- For entering a trade, I would like to see a reversal formation on a low time interval (for example, a pin bar or engulfing) or a clear breakout of the market structure (MSB) in the range 0.358-0.345. If such confirmation appears, a long position can be opened.
- For the stop-loss, I expect closure below the swing low (below 0.345); because if the price drops below this level,...
