Hey Binance Square fam! 👋
JUST (JST) is currently trading at $0.0344, showing a 2.36% increase in the last 24 hours. The 12-hour chart reveals a potential bullish wave formation, indicating a possible trend reversal and significant upward price movement.
---
📊 Technical Analysis: Bullish Wave Formation
JST has formed a solid base with higher lows, suggesting growing buying pressure. As volume picks up, this adds weight to the bullish setup, and momentum indicators are aligning with a possible breakout. A breakout above the key resistance level of $0.03718 could signal the start of a new bullish trend.
---
🎯 Price Targets
Immediate Resistance: $0.03718
First Target: $0.04136
Second Target: $0.04450
A successful breakout above $0.03718 could lead to a rally towards these target levels.
---
✅ Trade Setup
Entry Point: Consider entering a long position if JST breaks above $0.03718 with strong volume.
Stop-Loss: Place a stop-loss below the recent swing low to manage risk effectively.
Take Profit: Set take-profit levels at $0.04136 and $0.04450 for short-term trades.
---
📈 Market Sentiment
The DeFi sector is gaining fresh attention, and JST could have more room to pump if momentum holds.
---
⚠️ Risk Management
Always use proper risk management techniques. The crypto market is volatile, and it's essential to protect your capital.
---
🌟 Final Thoughts
JST is setting up for a potential rally driven by a combination of bullish technicals and strong project fundamentals. As the DeFi narrative strengthens again, JST could see renewed momentum, especially if broader market conditions remain favorable. Keeping an eye on volume surges and breakout confirmations could offer timely entries for both short-term and mid-term strategies.
---
*Disclaimer: This is not financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.*