$JTO - SHORT
ENTRY: 0.4381
TP1: 0.4210
TP2: 0.4050
TP3: 0.3850
SL: 0.4630
JTO is interesting for a bearish continuation if the current recovery fails near resistance. The short setup expects sellers to regain control and push price toward lower support. A failed breakout followed by lower highs would provide the cleanest confirmation. The first target gives room for the initial move, while the deeper targets become relevant if selling pressure accelerates. I would not enter after an extended red candle. The current zone offers a better risk structure, with the stop protecting against a strong bullish reversal.
ENTRY: 0.4381
TP1: 0.4210
TP2: 0.4050
TP3: 0.3850
SL: 0.4630
JTO is interesting for a bearish continuation if the current recovery fails near resistance. The short setup expects sellers to regain control and push price toward lower support. A failed breakout followed by lower highs would provide the cleanest confirmation. The first target gives room for the initial move, while the deeper targets become relevant if selling pressure accelerates. I would not enter after an extended red candle. The current zone offers a better risk structure, with the stop protecting against a strong bullish reversal.