$JTO is losing its bounce structure again, trading at $0.4068 after a 5.50% daily drop and 5.4% slide in the latest 4h window. RSI(14) sits at 38, while price remains below the 20D and 50D moving averages, keeping the lower-high setup bearish.
The $0.409–$0.421 area now looks like a key reclaim zone. Failure there could expose $0.403, then $0.386. A move back above the recent structure would weaken the short thesis, especially with funding still slightly positive at 0.002%, meaning longs are paying while momentum fades. Volume is only 0.7x its 20D average, so watch for confirmation rather than chasing. ⚠️📉
#JTO #Trading #Crypto
Inspired by Fibonacci Flow on Binance Square.
The $0.409–$0.421 area now looks like a key reclaim zone. Failure there could expose $0.403, then $0.386. A move back above the recent structure would weaken the short thesis, especially with funding still slightly positive at 0.002%, meaning longs are paying while momentum fades. Volume is only 0.7x its 20D average, so watch for confirmation rather than chasing. ⚠️📉
#JTO #Trading #Crypto
Inspired by Fibonacci Flow on Binance Square.
