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Look at $JTO man. It’s sitting right on that edge where everyone starts getting nervous.
We had that massive spike up to nearly 0.40 recently but the rejection was pretty brutal. Since then it’s just been a slow bleed back down to this 0.27 area.
The order book is showing more bids than asks right now (60% vs 39%), which usually means people are trying to catch the falling knife, but the volume is still pretty thin at 3.2M. If this 0.268 support doesn't hold, we’re likely looking at a trip back down to the 0.24 level.
I'm watching for a double bottom here or a quick sweep of the recent lows before any real reversal. No need to rush in while it's still printing red candles on the daily.
Patience is the play here. Let the market decide if it wants to hold this level first.
#GateSquareAprilPostingChallenge