📉
$JTO — rejection at yesterday’s high, bears may continue pushing lower
The setup looks technically clean: 0.5312 is yesterday’s high and a key local resistance. Price tested that area again, formed a tweezer top, and immediately printed a strong bearish engulfing — clear rejection from the top 🔻
📊 Technical view:
• Tweezer top forming at 0.5312 — repeated failure to break resistance
• Strong bearish engulfing candle confirms seller pressure
• Volume is fading after the pump — momentum is weakening
• Price slipped under short-term MA, and fast averages are starting to roll over
• Structure looks like local distribution before another move down
💡 SHORT idea 👇
🎯 Entry zone: 0.521–0.526
🎯 Targets:
→ 0.505
→ 0.487
→ 0.447 if bearish momentum expands
⛔ Stop-loss: above 0.536
👀 As long as 0.5312 remains resistance, short bias stays valid. Tweezer top + bearish engulfing + declining volume often leads to continuation to the downside 📉
#jto #JTOusdt