JTOUSDT trade ideas
#JTOUSDT Breakout of the $1.7562 price level SHORT #JTOUSDT from $1.7562
5m TF.
The instrument has formed a local downtrend with a decrease in trading volumes and price maxima along the trend line, which may indicate a manifestation of weakness by buyers. The compression goes to the support level with a few clear touches, followed by the feet of long participants.
I will wait for consolidation near the level and an increase in activity in the glass before the breakdown.
Jito JTOJito is a sol native staking protocol
Very early in its first cycle
If you compare it to the main curve bottom structure I've been highlighting for sui and others
It appears to be slightly early in the same cycle
Yet to break downtrend and re-accumulate..
I'll be looking to pick some up in the blue box somewhere as a solana bluechip ecosystem coin
Still thinking solana has a very strong cycle here
Incredible volume on nfts and dex's
Phantom app overtaking coinbase app in total downloads
Theres a few other metrics that support solana having a very strong cycle beyond strong price action
Anyways due this this we can be bullish on early solana ecosystem coins I think..
Jupiter (wen?) Like tomorrow
Margin fi
And I'm sure more will pop up ...
JTO/USDT - round 2!!BINANCE:JTOUSDT peaked at the VWAP anchored to initial listing and fell below the one anchored to the last sell off of the prior consolidation. It has just completed a brief consolidation, breaking above the VWAP anchored to the prior breakout.
This opens the opportunity to retest the VWAP from initial listing before climbing higher. I plan to play this by taking profit at the VWAP from the last failed attempt, again at the VWAP from listing, and then edge up stops as it makes a higher high. A move below ~1.95-1.97 would invalidate.
#JTO may continue to fall according to the double top structure🧠We encountered resistance at the resistance area after a period of rebound and formed a double top short structure, so there is a high probability that we will continue to decline.📉
⚠️Note that if the short defense point is breached, then the bearish view becomes invalid
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I'm More Bullish Than Bearish On JTO!!JTO is trading in a bullish pattern. The falling wedge has a higher probaability of breaking to the upside. If we get a nice breakout to the upside, I would be looking to target the POC above around $2.90.
If we fail this support level, the next level below is around $2.105. there we have major confluence, which is the .886, .382, & Daily level. If that is reached and holds, I would consider entering a long position.
We don't know how price will play out so we manage our risk accordingly.
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JITO - 12hrs ( Easy 25 X in 2024 Bull Run ) 💵Pair Name : Jito
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
——————————
First Target Area : 5 $ all Time High
only 2 X From Now Price
Bull Run End For Investor Target
50 $
25 X Full Target Range
JITO - 4hrs ( Up + 57 % - Bull Run Target 3000 % ) 💵Pair Name : Jito
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
——————————
🔥 Price Up + 57 %
Our First Target At 5 $ = 185 % Growth
Our 2nd Target At 50 $ = 3000 % Growth
in next Bull Run / After Halving Event