$JTO parabolic push into 0.3999 followed by distribution and compression above 0.33 support.
Trade Direction:
Short (bearish pullback)
Entry:
0.340 – 0.352
Stop Loss:
0.368
TP1:
0.320
TP2:
0.305
TP3:
0.285
Explanation
Price ran stops above 0.39 and immediately rejected, leaving a sharp upper wick and failure to hold breakout structure. Since then, we are printing lower highs while 0.35 acts as intraday supply. Buyers are defending 0.33, but momentum has slowed and volume is declining during the bounce attempts. A breakdown below 0.32 likely opens the liquidity pocket near 0.30 and potentially the base of the impulse around 0.285. Reclaiming and holding above 0.368 invalidates the short bias.
Final execution note.
I position into minor strength within the entry zone and reduce exposure once price trades through TP1.
JTO
0.3044
-4.54%