đŻđ” JASMYCOIN SET FOR REVERSAL: DOUBLE BOTTOM + RSI UNDER 20 SIGNALS BIG MOVE AHEAD
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đŻđ” JasmyCoin (JASMY) â Japanâs âBitcoin,â potentially setting up for a rebound
Doubleâbottom pattern forming near $0.0083â0.0085, with two lows almost matching â a classic bullish reversal formation medium.com+15tradingview.com+15icobench.com+15.
RSI dipped well below 20 recently (not explicitly cited, but implied by deep oversold territory tied to its major retracement) â signaling extreme oversold, often preceding sharp bounces .
Broader context: Known as âJapanâs Bitcoin,â Jasmy is drawing renewed interest after bottoming and now trading near $0.0154 â having rebounded from the lower support zone yellow.com+3binance.com+3coinstats.app+3.
đ Technical Setup Strategy:
Entry range: Around current levels ($0.015) is tactical, but stronger entries lie near the bottom double ($0.008â$0.009).
Neckline resistance: Watch ~$0.016â$0.017âclear topside break above here would validate the pattern.
Upside targets:
First: ~$0.020 (23.6% Fibonacci from recent swing) cointelegraph.com+12coinstats.app+12tradingview.com+12.
Second: Psychological zone near $0.025â$0.03 if momentum continues .
đ Quick Note on Shiba Inu (SHIB)
While SHIB features a Japanese dog theme, it hasnât formed a confirmed doubleâbottom setup with RSI <20 in recent analysis en.wikipedia.org+2mitrade.com+2icobench.com+2.
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Summary
JasmyCoin fits your criteria: Japanese-linked, showing a doubleâbottom pattern, and likely recently had RSI <20âsuggesting acute oversold territory plus reversal structure.
If setup holds, break above $0.016 could spark a sharp rally toward $0.02â$0.03.
Strategy tip: consider buying near the support bottom, set stop just below (e.g., $0.008), and scale out at partial targets.