$JTO punished late bulls with a long-liquidation sweep, clearing excess leverage from the chart.
These events are emotional by nature and usually mark the end of a local down-move.
The current sideways grind above $0.360 shows absorption, not capitulation.
This is exactly how bounce setups quietly take shape.
EP: $0.362 – $0.368
TP: $0.390 → $0.422 → $0.470
SL: $0.349
JTOUSDT
Perp
0.4923
+7.20%