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$JTO 24-hour surge of 41%, the price at 0.7485 directly leaves the 0.5223 low point behind.
After the first three halvings, altcoins typically retraced an average of 23% after the initial vertical surge before skyrocketing again, but this time $JTO has doubled from the bottom at 0.38 to 0.75—comparable to the strength during the early launch of LINK in 2020, though large on-chain transfers are slowing down.
Current trading volume of 67.4M far exceeds the usual average, and usually, the main upward wave starts around the 90th day after halving; it's just over 70 days since the halving.
0.7 is a psychological barrier; if it can't hold steady, wait for around 0.62 to buy in, with a stop loss below 0.55.
Position size should not exceed 5% of the total portfolio; chasing high at this level risks getting pierced.
History doesn't simply repeat, but it rhymes.
If you believe in cycles, now is not the time to sell but to wait for the buy-in point.
I'm veteran trader A Ge, only speaking the truth and not making empty promises.