$JTO #JTO 📉
Direction: SHORT
Entry zone: 0.323426 to 0.324722
Stop loss: 0.328935
Target 1: 0.317593
Target 2: 0.312731
Jito is trading near 0.324074 dollars, down 3.48 percent in 24 hours and down 13.58 percent over 7 days, inside a range of 0.323732 to 0.339888 dollars, and the recent closes show sellers in control, 0.328362, then 0.327351, then 0.328114, then 0.324138, then 0.324074. 🔴 My reading is that JTO is one of the weakest coins in my watchlist tonight, because it lost almost 14 percent this week on 13.6 million dollars of volume and is pinned right on its range low in a fear market, and a coin sitting on its range low usually breaks the low before it bounces. A short from the current zone, with a stop above 0.328935, targets 0.317593 first and then 0.312731 if sellers push through. A rise above 0.328935 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Jito fall to 0.317593 first, or rise above 0.328935? 🤔
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#Jito #Crypto #FuturesTrading #TradingSignals