$JTO is a patience trade on the short side as momentum appears to be fading following failed rallies. The current range is contained by a descending channel, and the formation of lower highs indicates the seller control is sticky. A stronger conviction for a short would be a clean break below the last short-term low, otherwise, a close above that high invalidates the bearish read.

No chase outside the zone; the stop defines the whole idea.

JTOUSDT | SHORT
Entry 0.4136 - 0.4158
Invalidation 0.4176
Targets 0.4118 / 0.4095 / 0.4067

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