【$JTO Signal】Short covering + negative fee rate short squeeze initiation

$JTO Funding rate -0.5595%, institutions continue to pay the cost of shorting. Open interest remains stable, but the price has surged from 0.3927 to 0.4811, with shorts in severe unrealized losses. The 1H MACD histogram shrinks and momentum weakens, but the 4H Bollinger Band upper band at 0.4289 has already been pierced. The buy-depth ratio of 0.81 shows there isn’t enough high-level “top” buying support at the highs.
🎯 Direction: Long (pullback and catch the pin)
⚡ Entry/Order: 0.3912 - 0.4306
🛑 Stop loss: 0.3734
🚀 Target 1: 0.4267
🚀 Target 2: 0.4445
🛡️ Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move the stop loss up to breakeven. If the price falls back to the entry zone, exit automatically to protect principal.
Depth logic: The negative fee rate combined with prices not falling but instead rising means the pressure from short covering is building up. The 4H RSI is 69.46, not yet overbought, so room for maneuver remains. The current risk-reward ratio is reasonable; entering on a pullback and catching the pin is safer than chasing the spike.
View real-time market 👇 $JTO
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