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spotselling
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$JTO RISKS REJECTION AT $0.67 AS SPOT SELLERS SURGE ๐ฅ
JTO bounced 11% from $0.60 support but now faces the critical $0.67 resistance. Derivatives volume surged 86% to $80M with OI up 21%, reflecting aggressive long positioning.
However, spot netflow jumped 364%, indicating potential distribution. RSI at 48 shows neutrality. The liquidity battle at $0.67 will determine the next trend.
Can the $80M long volume force a breakout, or will spot selling trigger a rejection back to $0.58?
Not financial advice. Always manage your risk.
#JTO #ResistanceTest #Derivatives #SpotSelling #CryptoAnalysis
๐ฅ
JTO bounced 11% from $0.60 support but now faces the critical $0.67 resistance. Derivatives volume surged 86% to $80M with OI up 21%, reflecting aggressive long positioning.
However, spot netflow jumped 364%, indicating potential distribution. RSI at 48 shows neutrality. The liquidity battle at $0.67 will determine the next trend.
Can the $80M long volume force a breakout, or will spot selling trigger a rejection back to $0.58?
Not financial advice. Always manage your risk.
#JTO #ResistanceTest #Derivatives #SpotSelling #CryptoAnalysis
๐ฅ
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