JTOUSDT.P trade ideas
$JTOUSDT falling wedgeJTO seems to have formed a falling wedge on a 4hour time frame, it broke the support line but re entered the falling wedge almost immediately, so it could've been a fakeout. Once it breaks the resistance line we could se bulls taking over and pushing the price back to its ATH in a few weeks. NFA
📊#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