JTO dumped 13% on shrinking volume — classic washout, not trend death.
If 0.7233 holds, this is a bull trap: price snaps back, retests 0.7694 resistance, then breaks.
If 0.7233 breaks, paper hands get flushed — cascade liquidations below 0.70, no bounce.
Structure is clear: 0.7233–0.7694 is the box. Last 24h formed long lower wick at 0.7233 — that’s the floor they’re defending.
MEGA pumps hard while JTO bleeds — divergence confirmed. No correlation now. Whales rotate.
Wait for 0.7233 test. No entry before confirmation.
Would you add here or wait for blood?
$JTO $MEGA