$JTO Morning Map #6: yesterday's morning calls went 1 of 4, but last night's 0.330 call printed. JTO wicked to 0.327 at 04:15 CET and is back at 0.3305.
What I see: JTO is down 3.6% in 24h while BTC is flat and SOL lost 1%. Accounts lean short (long/short 0.87), funding is barely positive, open interest rose 1.2% overnight. The biggest long pile on the liquidation map sits at 0.323 to 0.324, the biggest short pile at 0.343 to 0.345.
What I think: weekend volatility is low, 3.6% a day over the last 48h, so today's odds are modest: 0.338 at 39%, 0.3235 at 41%. JTO keeps lagging the majors, so the lower magnet looks a bit closer to me.
What changes my mind: a 15m close above 0.338 opens the road to the 0.344 short pile.
My grids: three longs and one neutral, all near breakeven after the wick. Not financial advice.
Which prints first today: 0.3235 or 0.338?
#JTO #MarketUpdate #Solana $JTO
What I see: JTO is down 3.6% in 24h while BTC is flat and SOL lost 1%. Accounts lean short (long/short 0.87), funding is barely positive, open interest rose 1.2% overnight. The biggest long pile on the liquidation map sits at 0.323 to 0.324, the biggest short pile at 0.343 to 0.345.
What I think: weekend volatility is low, 3.6% a day over the last 48h, so today's odds are modest: 0.338 at 39%, 0.3235 at 41%. JTO keeps lagging the majors, so the lower magnet looks a bit closer to me.
What changes my mind: a 15m close above 0.338 opens the road to the 0.344 short pile.
My grids: three longs and one neutral, all near breakeven after the wick. Not financial advice.
Which prints first today: 0.3235 or 0.338?
#JTO #MarketUpdate #Solana $JTO
