JTO recorded a short liquidation at $0.50381, suggesting buyers are attempting to squeeze shorts from this area. The important technical task is to establish $0.5000 as support rather than chasing an extended candle.
Entry Zone: $0.5000–$0.5060
Support: $0.4950 / $0.4800
Resistance: $0.5200 / $0.5450
🎯 TP1: $0.5200
🎯 TP2: $0.5450
🎯 TP3: $0.5700
🛑 Stop-Loss: $0.4780
Liquidation reference: $0.50381 short liquidation, $1.4112K.
My Take: A hold above $0.5000 keeps the recovery structure intact. If $0.4780 breaks decisively, the long thesis is invalidated.
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