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$JTO — Bears squeezed as momentum turns higher.
Long $JTO
Entry: 0.7950 – 0.8100
SL: 0.7750
TP1: 0.8400
TP2: 0.8900
TP3: 0.9700
A fresh $2.15K short liquidation just hit JTO at $0.80753, forcing bearish traders to cover positions as price pushed higher. The squeeze confirms improving bullish momentum and signals that sellers are struggling to maintain downside pressure after recent volatility.
Price is holding above key support levels while attracting renewed buying interest. The forced buying generated by liquidated shorts adds additional fuel to the move, creating favorable conditions for a continued upside expansion.
If JTO maintains the 0.7950–0.8100 support zone and breaks above 0.8400 resistance, momentum could accelerate rapidly toward higher targets. With bears being squeezed and market sentiment strengthening, the path of least resistance remains to the upside as buyers continue taking control of the trend.