$JTO Things are still looking good ... a recovery structure is taking shape
JTO bounced strongly from the 0.489 low, and buyers are gradually regaining momentum around the 0.54–0.55 zone.
The 0.50–0.52 zone still looks like a strong accumulation area as long as support holds.
As long as the 0.489 level remains protected, I remain bullish, initially targeting 0.57–0.58.
A clear break above 0.55 could easily open the way toward 0.57 and 0.58, and possibly higher levels in the coming sessions.
There are no bearish signals so far as long as the recovery structure remains intact.
Buyers are slowly regaining control ... just make sure to set an appropriate stop-loss while trading.
Trade on $JTO
JTO bounced strongly from the 0.489 low, and buyers are gradually regaining momentum around the 0.54–0.55 zone.
The 0.50–0.52 zone still looks like a strong accumulation area as long as support holds.
As long as the 0.489 level remains protected, I remain bullish, initially targeting 0.57–0.58.
A clear break above 0.55 could easily open the way toward 0.57 and 0.58, and possibly higher levels in the coming sessions.
There are no bearish signals so far as long as the recovery structure remains intact.
Buyers are slowly regaining control ... just make sure to set an appropriate stop-loss while trading.
Trade on $JTO