🔻 $JUP /USDT – Short Setup Active After Channel Breakdown! 🚨

$JUP has broken below its rising channel after showing signs of exhaustion near the top. A clear rejection is forming, and a short opportunity is now in play as momentum fades.

📊 Market Structure:

Bearish breakdown from rising parallel channel

Lower high formation confirms weakness

Price retesting minor trendline before continuation down

🧠 Key Technical Insights:

Rejection from $0.4565 zone with no follow-through

Multiple bearish candles forming at resistance

Break and retest setup signaling potential downside

🎯 Trade Setup (Short):

Entry Zone: $0.4470 – $0.4490

Target 1: $0.4380

Target 2: $0.4245

Target 3: $0.4165

Stop Loss: $0.4565

✅ Pro Tip:

Look for a bearish engulfing candle or high-volume rejection for confirmation before entering. Ideal setup for short scalps or intraday positions.

⚠️ JUP momentum fading — short sellers may dominate if breakdown holds! 📉🔥

$JUP

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