📊Technical analysis $JTO /USDT — 15min/1h timeframe
Current price ≈ 0.3187 USDT +20.49% rise, sharp rally from ~0.26–0.27 lows, accelerating upside with green candles.
Price action & Bollinger Bands: Price near upper BB (UP ~0.3432, MB ~0.2947, DN ~0.2462). Bands expanded on up move, price hugging upper band — overbought extension, potential short-term pullback/consolidation.
Volumes: Current ~11.7M, MA(5) ~37.1M, MA(10) ~45.7M — volume spike on recent green candles (strong buying pressure), now elevated on upside. Watch for dry-up on dips or surge on green.
Key indicators:
• MACD: Strongly positive (DIF 0.0138, DEA 0.01114, MACD 0.0024), histogram bullish — momentum up.
• RSI(6/12/24): 59.02 / 63.65 / 63.95 — approaching overbought (RSI12/24 >60), exhaustion/pullback signal possible. Uptrend with overbought conditions + upper BB hug suggest short-term pullback likely before next leg up.
🟢 Long (moderate-high risk) Entry: 0.310–0.319 (current or dip to MB) TP1: 0.335–0.345 TP2: 0.355–0.365 SL: 0.300–0.305 R/R: ~1:3+ Comment: Good if RSI pullback + volume on green. Momentum favors continuation/scalp on dip.
🔴 Short (moderate risk) Entry: 0.335–0.345 (fade at upper extension/resistance) TP1: 0.315–0.310 TP2: 0.295–0.285 SL: 0.350+ R/R: ~1:3+ Comment: Strong if rejection at resistance + MACD divergence. Counter-trend if overextension fades.
⚠️ Most likely scenario now Short-term pullback/consolidation from overbought levels (RSI>60 on longer periods) towards MB (~0.295) or slightly lower. Then possible continuation higher if strong volume support. Longs have structural edge in explosive uptrend; shorts only on clear rejection signals. High vol — tight risk, watch RSI/volume closely.