$JTO bulls tried to hold the floor.
Then $2.77K in longs got liquidated at $0.51934.
That breakdown forced leveraged buyers out fast.
Now the old support could become the next ceiling.
After a long liquidation, I’m watching the retest around $0.52. A weak recovery there would keep sellers in control.
📉 Trade Setup — SHORT
Entry: $0.516 – $0.522
TP1: $0.505
TP2: $0.492
TP3: $0.475
SL: $0.532
Analysis: Failure to reclaim $0.52 would favor another downside move. A sustained recovery above $0.532 would invalidate this bearish scenario.
