Looking at your JUP/USDT 4H chart, here’s a detailed breakdown to help with your long decision:
📊 Chart Analysis (4H):
✅ Support Zone Holding (around 0.4000–0.4100):
Price is sitting right above strong support marked by the red zone.
This zone previously acted as a demand area, and price is reacting there again.
So far, no breakdown — this is good for bulls.
📉 Descending Wedge:
Price is inside a falling wedge, a bullish reversal pattern.
It's nearing the apex, so breakout is likely soon.
🔻 Volume:
Volume is declining, which is common before a wedge breakout.
Need spike in buy volume to confirm any move.
📈 RSI Oversold Region:
RSI is around 40.13, trying to curve upward.
If RSI breaks back above 50 on next bounce, it can signal momentum shift.
🧠 Trade Plan Suggestion:
🔹 Aggressive Long Entry:
Enter now or near 0.4080–0.4100, as close to support as possible.
Stop-loss just below support, like 0.3950 (tight risk control).
🔹 Conservative Long Entry:
Wait for bullish breakout of the wedge with volume (above 0.4350–0.4400).
Confirm with RSI > 50 and candle close above wedge.
🎯 Possible Targets:
TP1: 0.4550 (recent minor resistance)
TP2: 0.4880–0.5000 (bigger zone, safer to scale out)
⚠️ When Not to Long:
If price closes below 0.4000 on 4H with volume, cancel long idea — that means sellers are still in control.
