I’m currently shorting $JTO with 75x isolated leverage as bearish momentum starts to build. Price is showing clear signs of stalling within the 0.31422–0.31698 zone, which looks like a strong reaction area. Based on this setup, I’ve entered a short position expecting further downside.

Trade Plan:

Entry: 0.31422 – 0.31698

TP1: 0.30732 (R:R 1:1.0)

TP2: 0.30456 (R:R 1:1.3)

TP3: 0.29904 (R:R 1:2.0)

Stop Loss: 0.32388

Why I Took This Trade: The 4-hour chart still supports a bearish structure, while the daily timeframe remains range-bound. Price is reacting strongly from the 0.31422–0.31698 resistance zone around 0.31560, which strengthens the short bias.

On the lower timeframe, the 15-minute RSI sits at 35, indicating there’s still room for further downside movement. At the same time, volume is significantly elevated—currently at 3.84x, with 79.43K traded compared to the expected 20.68K. This confirms real selling pressure rather than weak market activity.

This is my setup based on current market structure and momentum. Always manage your risk and trade accordingly.