JTO/USDT Keen an eye on the demand for anticipate the reversal!

💎 Paradisers, the recent market dynamics surrounding #JTO have indeed been noteworthy.

💎 The successful bounce observed upon revisiting the support trendline area, coupled with the reclamation of the demand zone around $3.1, reflects positive momentum.

💎 Additionally, the price tested the resistance area, coinciding with the golden ratio of 0.618. However, encountering rejection at this level suggests potential retesting of the demand zone at $3.1 - $2.9 to gather momentum for another attempt at breaking the resistance. A successful breakout could pave the way for reaching our target supply zone.

💎 Should JTO fail to bounce upon retesting the demand and instead break below this area, there's a possibility of revisiting the support trendline or even descending further towards the Bullish OB area.

💎 Ideally, JTO would only touch the OB area with a wick, similar to previous instances. A confirmed break below the support trendline would signal bearish momentum, potentially leading to further downward movement.

💎 JTO's price must remain above the Bullish OB area around $2.2. A breach of this level, coupled with a candle close below it, would validate bearish sentiments.

MyCryptoParadise
iFeel the success🌴