​$JTO

JTOUSDT

Perp

0.2824

-5.10%

rejected again... Is the local top in? 🤔

​Checking the JTO/USDT chart and that 0.39 area is proving to be a massive headache for the bulls. That’s the second time we’ve seen a rejection there, forming a solid double top.

​The latest candles are losing steam fast, showing a lot of "momentum fade." I’m looking for a short entry on any minor relief pumps into the 0.34 area.

​The Setup:

🚩 Entry: 0.330 - 0.345

🎯 TP: 0.315 / 0.300 / 0.285

🚫 SL: 0.365

​Stay safe out there, don't forget to manage your risk.