🚀 JTO Falling wedge Formation – 100%+ Potential Incoming?! 👀🔥
Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯
JTO has been consolidating within a falling wedge on the daily timeframe for months and is now approaching the apex of the structure.
The price has shown strong demand around the $1.85–$2.00 support zone and is now attempting to push above the wedge resistance trendline.
Technical Highlights:
Falling wedge formation, typically a bullish pattern
Support holding firm at the $2.00 psychological level
Potential for a breakout retest and continuation if volume confirms
Trade Setup
Entry: CMP and add more in the green box(up to $1.8)
Targets: $2.48 / $2.84 / $3.30
Stop Loss: Below $1.85
Risk-to-Reward: Well-structured setup with defined invalidation
A confirmed breakout from this structure could open the door for a strong upside move. Keep an eye on volume and market momentum for confirmation.
What do you think about this? Share your views in the comment section.
Hey Traders! If you're all about high-conviction plays and real alpha, smash that 👍 and tap Follow for more setups that actually deliver! 💹💯
JTO has been consolidating within a falling wedge on the daily timeframe for months and is now approaching the apex of the structure.
The price has shown strong demand around the $1.85–$2.00 support zone and is now attempting to push above the wedge resistance trendline.
Technical Highlights:
Falling wedge formation, typically a bullish pattern
Support holding firm at the $2.00 psychological level
Potential for a breakout retest and continuation if volume confirms
Trade Setup
Entry: CMP and add more in the green box(up to $1.8)
Targets: $2.48 / $2.84 / $3.30
Stop Loss: Below $1.85
Risk-to-Reward: Well-structured setup with defined invalidation
A confirmed breakout from this structure could open the door for a strong upside move. Keep an eye on volume and market momentum for confirmation.
What do you think about this? Share your views in the comment section.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.