JTOUSDT trade ideas
JTO/USDT TRADE SETUPJTO has formed a symmetrical triangle pattern and has currently broken above it.
Entry: $2.62 to CMP.
Stop Loss: $2.5.
Targets:
T1- $3.31.
T2- $3.48.
T3- $3.88.
Note: Do not trade with high leverage; use SL to be safer. Accumulate the dip and book profits accordingly.
Trade safely.
Regards,
Team Dexter.
📊#JTO will rise based on the smiley structure🚀🧠The smiley face structure was established after we broke through the turning point, and then fell back after encountering resistance in the resistance zone. Currently, a small double bottom bullish structure has been formed. The goal of combining the smiley face structure has not been fully achieved, so we will most likely continue to rise. 📈
Let’s see 👀
⚠️Note that technical analysis is for reference only, don’t forget risk management. If you find it useful, please don’t forget to follow, like and share my analysis post📤
JTO can become the same as BONKFirst of all, note that there is not much data available about this symbol.
But according to the signs in the chart, it can move towards TP 1 and 2 by maintaining the green flip range.
Note that TP1 is a strong resistance and save profit when we reach TP1. Missing the flip range with a daily candle will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
JTOUSD Murrey, Trend,if the price sustains above the 8/8 Murrey line and continues to make higher highs and higher lows, the outlook could be considered bullish. I would typically look for confirmation through additional bullish signals, such as increased buying volume or the price holding above this resistance turned support level. However, if the price starts to fall below the 8/8 line and especially the 4/8 major pivot, it might suggest bearish pressure.
JTOUSDT Murrey Math Lines,TrendMurrey Math Lines use specific points such as the 8/8 and 0/8 lines to determine at which levels the market prices might enter overbought or oversold conditions. Additionally, the 4/8 line is often considered the most significant support and resistance point, and if prices rise above this level, a bullish trend may gain strength, while a fall below it could signify a bearish trend.
According to the chart, prices are currently moving between the 3/8 line, known as the "Bottom of trading range" (2.9297), and the 2/8 line, known as "Pivot, reverse" (2.7344). As long as prices remain within this band, we can consider the current price action to be in a horizontal trend, and breaking out of this range could indicate the formation of a new trend. If prices rise above the 3/8 line, this could be interpreted as a bullish tendency, with the possibility of moving towards the next resistance levels at the 4/8 or 5/8 lines. Conversely, if prices drop below the 2/8 line, this could be seen as a bearish tendency, with an expectation of retreating to lower support levels.