JTO / TetherUS

Keep an Eye on JTO! 🌟potential opportunities.

200
đź’Ž Paradisers, #JTO is demonstrating signs of strength with CHoCH and BOS indicating a bullish market structure, coupled with the formation of a cup & handle pattern, which enhances the likelihood of a bullish breakout.

đź’ŽIf #JTOUSDT successfully confirms a breakout above the resistance zone, it could pave the way for a bullish rally towards the next resistance level.

đź’ŽIn the event of a pullback, potential bounce areas include the Bullish Order Block (OB) or demand zone. However, it's essential to note that the probability of a bounce may be relatively low, so it's advisable to set small targets in such cases.

đź’ŽShould the price break below the demand zone, it may signal a bearish. However, given the current market dynamics, it might be prudent to temporarily disregard this scenario and wait for clearer price action to develop before reassessing the situation.

đź’ŽStay vigilant and monitor #JTO's price movements closely for potential trading opportunities.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.