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$JTO Bullish consolidation
• Strong bullish engulfing pattern with massive volume, establishing 0.3467 as key support
• Subsequent candles show consolidation between 0.3592-0.3606, forming a bull flag pattern
• Higher lows established since 0.3268 low, confirming trend structure
Entry long
$JTO :
• Preferred: Pullback to 0.343-0.338 (MA20 support confluence)
• Aggressive: Break above 0.357 (upper BOLL) with volume confirmation
Stop Loss: 0.331-0.328bzone
Target Levels
$JTO : 0.3774 - 0.3942 (resistance zone)
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While short-term overbought, the confluence of MA bullish alignment, MACD momentum, and spot market inflows supports continued upside.
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