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The JTO market is showing renewed bullish momentum as short positions are being liquidated, adding fuel to the upside.
$JTO /USDT - LONG
Trade Plan:
Entry: 0.642 – 0.648
SL: 0.625
TP1: 0.665
TP2: 0.688
TP3: 0.715
Why this setup?
The latest short liquidation indicates bearish traders have been forced to exit, a signal that often strengthens bullish momentum. Price is holding above a key support zone, and sustained buying pressure could push JTO toward the next resistance levels. As long as the entry range remains intact, the technical structure favors continuation with a favorable risk-to-reward profile.
Debate:
Will JTO extend the short squeeze into a stronger breakout, or will sellers defend the next resistance and force a pullback?
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