$JUP – Bullish rebound from the bottom, but is it a dead cat or a real move?

It has recorded a strong recovery during the day, with an increase of +5.89% and trading at a price of $0.4299.

This short-term bullish move comes after a sharp downward trend over the past few months, indicating the potential for a recovery or a short squeeze in play.

Key technical levels:

Current price: $0.4299

Immediate resistance: $0.4342 (24-hour high)

Main resistance zone: $0.4450 – $0.4600

Immediate support: $0.4200

Stronger support zone: $0.4000 – $0.4080

The price is attempting to break the local resistance.

Continuing strength above $0.4342 could trigger further momentum, but caution is advised due to the larger downward trend.

Trading setup – SHORT-term LONG (from scalping to swing)

Entry: on a breakout above $0.4342

Target 1 (TP1): $0.4450

Target 2 (TP2): $0.4590

Stop loss (SL): $0.4180

Alternative strategy: Look for a pullback towards $0.4080 – $0.4150 to re-enter a low-risk long position with the same upside targets.

This move may be short-lived unless the volume increases and the price breaks above $0.46.

Do not hold long if the price is rejected near $0.4450 with heavy selling.

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