$JUP Analysis

Jupiter is displaying strong bullish momentum with a decisive break above the $0.65 level, supported by healthy volume and positive technical indicators. The current price action suggests continued strength, with the asset trading well above its pivot point and showing minimal signs of exhaustion. Market structure remains robust with a favorable volume ratio of 1.83x indicating genuine buyer interest.

💰 Key Points:

• Price is consolidating above $0.65 with strong momentum (+11.14%)

• ADX reading of 58.3 confirms a strong trend

• DMI spread (57.6/15.2) supports bullish bias

• BB Width expansion suggests potential for continued volatility

📈 Trade Setup:

• Primary resistance at $0.6812 (R1)

• Strong support cluster between $0.5043-$0.4869

• Current risk/reward favorable for longs above $0.6192

• Stop loss considerations below $0.5882 (S1)

🎯 Strategy:

Long positions can be considered with entries near the pivot ($0.6192), targeting R1 ($0.6812) and R2 ($0.7123). The low risk assessment (3/10) combined with positive momentum suggests maintaining bullish bias while respecting key support levels. Conservative traders may wait for a retest of the pivot before entry.

⚠️ Risk Management:

• Keep position sizes modest given the 12.96% liquidity rating

• Use stops below S1 ($0.5882)

• Consider taking partial profits at R1

• Monitor volume for continuation confirmation

good news #ToTheMoon🌕✨