🧠 Technical Analysis: $JUP – Bearish Breakdown Ahead? 📉

Spotted a classic Head and Shoulders pattern forming on the 2H chart of #JUP/USDT

🔍#jupiter Pattern Breakdown:

Left Shoulder: Formed around the $0.55 level.

Head: Peaked near $0.58.

Right Shoulder: Failed to break above $0.535, confirming lower high.

⚠️ Neckline Broken: Price has now broken below the neckline (~$0.49), a critical support level, confirming the bearish reversal pattern.

🎯 Bearish Target: Based on the height of the head to neckline, the projected move could take us down to around $0.45.

📌 #JUP Current Price: $0.4862

📉 Short Entry Zone: Around the neckline retest

📍 Stop Loss: ~$0.5025

📈 Target: ~$0.4501

💡 Volume confirmation supports the pattern with rising sell volume during the breakdown.

This is a textbook reversal setup — trade with proper risk management and keep an eye on market sentiment.