$JUV Structure of Explosion Formation of Ascending Impulse...
After reclaiming the support zone at $1.00 and demonstrating a strong bullish reversal on the 4-hour chart, $JUV is now establishing higher lows and forming an ascending structure. The recent engulfing green candle confirms the return of buyers.
Long Strategy (4-Hour Timeframe)
• Entry Zone: $1.070 – $1.073
• Stop Loss: $1.01 (below the breakout base)
• Target 1: $1.12
• Target 2: $1.17
• Target 3: $1.22
Technical Assessment
The trend has changed from local lows, and the current momentum signals a continuation towards previous highs. The spike in volume aligns with bullish confirmation.
Risk Management
Limit exposure per trade. Place the stop-loss tightly below the structure to protect against sudden pullbacks. Allow targets to move with a trailing stop if momentum continues.