Market Analysis: Jasmine Coin (JASMY)
Current Price Range: ~1.95Ā¢ ā 2.1Ā¢
Market Sentiment: Bullish
Volume: Elevated and growing post-breakout
Overview:
Jasmine (JASMY) has recently broken above a crucial resistance level around 1.75ā1.8Ā¢, indicating a shift in market structure and bullish sentiment. The breakout was backed by strong volume and momentum, pushing JASMY back into a key historical range between 1.8Ā¢ and 2.5Ā¢.
Key Levels to Watch:
Support Zones:
1.95Ā¢ (short-term pullback zone)
1.8Ā¢ (strong structural support, though less likely to revisit)
Resistance/Target Zones:
2.25Ā¢ (psychological & POC resistance)
2.4Ā¢ ā 2.5Ā¢ (major resistance zone & main target)
2.7Ā¢ (stretch target, only in strong bullish market conditions)
Entry Strategy:
Ideal entry range: 1.95Ā¢ ā 2.05Ā¢ (during consolidation or minor dips)
Alternative entry: On a confirmed breakout above 2.25Ā¢ with volume
Targets:
1. Target 1: 2.25Ā¢
2. Target 2: 2.4Ā¢
3. Target 3: 2.5Ā¢
4. Extended Target: 2.7Ā¢ (only if BTC and market conditions remain strongly bullish)
Stop Loss:
Conservative SL: Below 1.8Ā¢
Aggressive SL: Below 1.93Ā¢ (depending on risk tolerance)
Summary:
Jasmine is currently showing strength with a bullish structure and elevated volume. The next key moves are toward 2.25Ā¢ and 2.5Ā¢, provided the market doesn't reverse sharply. Short-term volatility may cause minor dips, but the overall structure supports a continuation to the upside.
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