Market Focus: $JTO Slides on 15m Chart, Eyes 1.561 Support Next
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Price confirmed a bearish trend on the 15m timeframe, breaking key supports with strong momentum.
$JTO remains pressured below its recent swing equilibrium, targeting a drop to 1.561. Continued selling could push the price further down to 1.536. Watch for any sharp rejection or bullish reversal patterns below 1.561 on lower timeframes, which could signal a short-term retracement up to 1.576 or beyond. Failure to hold below 1.601 or 1.626 with a bearish engulfing or lower high may provide continuation sell entries. Conversely, a breakout above 1.626 with strong bullish momentum would invalidate the bearish bias, opening a path toward 1.608 and possibly 1.651.
⚠️ This is an AI analysis and not financial advice.
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