$JTO : Trading Idea - Resistance Rejection Play

Price has bounced into a key resistance zone but appears to lack the momentum to break through, with selling pressure emerging on rallies.

Thesis: Look for a continuation downward from the current resistance.

· Entry Zone: 0.41 – 0.43

· Stop Loss: 0.47

· Take Profit Targets:

· TP1: 0.39

· TP2: 0.36

· TP3: 0.33

Rationale: The move up followed a significant decline and has now been rejected, with price trading back below a critical resistance area, suggesting a potential resumption of the prior downtrend

JTO

0.3764

-22.39%