💎 JTO has recently displayed significant market dynamics. After bouncing from the support area, there's potential for JTO to continue its upward movement, possibly testing the resistance at the all-time high area.
💎 However, if JTO fails to break above the resistance at 3.9, there's a possibility that the price will retreat and be back-tested on the support area to gather momentum for another upward move.
💎 On the downside, if JTO breaks below the support, it could indicate further downward movement towards lower support areas. Reclaiming the price above the support level would be crucial for any potential upward movement. But if JTO breaks below the support, it would confirm a bearish trend, and the price could decline further.
💎 However, if JTO fails to break above the resistance at 3.9, there's a possibility that the price will retreat and be back-tested on the support area to gather momentum for another upward move.
💎 On the downside, if JTO breaks below the support, it could indicate further downward movement towards lower support areas. Reclaiming the price above the support level would be crucial for any potential upward movement. But if JTO breaks below the support, it would confirm a bearish trend, and the price could decline further.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.