$JTO /USDT – Watching for a Bounce
I'm looking at JTO, currently at $0.4889, down -2.53%, and testing support at $0.4804 after rejecting the $0.5025 high. The AVL at $0.4901 is slightly above price, indicating some selling pressure, but the structure is showing higher lows forming, which is a bullish sign. Volume is moderate, with MA(5) at 53K and MA(10) at 67.3K, and I'm watching to see if price holds above $0.4804 and reverses higher. For now, I'm patient and waiting for confirmation before I consider a long position.
I'm looking at JTO, currently at $0.4889, down -2.53%, and testing support at $0.4804 after rejecting the $0.5025 high. The AVL at $0.4901 is slightly above price, indicating some selling pressure, but the structure is showing higher lows forming, which is a bullish sign. Volume is moderate, with MA(5) at 53K and MA(10) at 67.3K, and I'm watching to see if price holds above $0.4804 and reverses higher. For now, I'm patient and waiting for confirmation before I consider a long position.