#JTO analysis on the 4H timeframe.
The coin has been sold off, which formed an iFVG slightly above current price. At this point, I think the market may continue pushing lower.
• The first targets are the lows at $0.283 and $0.2762.
This is where long liquidity sits, and the market may want to sweep it.
The key thing is not to accept below $0.2762.
If price starts holding below that level, we could see a move toward $0.26.
After the flush, I would expect a recovery back into the iFVG zone at $0.2926–$0.3057.
If price pushes above that zone and gets acceptance, it could then start acting as support.
For now, the asset is still in a bearish structure, so I would avoid longing it at this stage.