🚨 JASMY/USDT: The IoT Token Consolidating. A Deep Dive into the Charts!

Market Outlook: After a significant breakout and subsequent consolidation throughout mid-2025, JASMY has been trading within a defined range. Recent trading activity shows a cooling off period, with momentum indicators suggesting a neutral stance. The price is currently at a critical juncture, having recently retested a key support level.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed candle close ABOVE the resistance level of $0.0169–$0.0172 on a higher timeframe (e.g., 4H or Daily) with a noticeable increase in volume. This would suggest renewed bullish momentum.

💰Targets: $0.0178, $0.0185, and potentially towards $0.0195.

🛑Stop Loss: Below the breakout candle's low or below $0.0160.

🟥 Short Entry Trigger: Consider a short if the price shows a strong rejection at the $0.0169–$0.0172 resistance zone and breaks BELOW the crucial support level of $0.0158.

💰Targets: $0.0152, $0.0146, or lower towards the accumulation zone.

🛑Stop Loss: Above the high of the rejection candle or above $0.0172.

Your Action Plan:

01 - Wait for Confirmation: Do not enter a trade until a clear move is confirmed. The current consolidation means a move in either direction is plausible, and patience is key.

02 - Use a Stop-Loss: Always protect your capital. A stop-loss is an essential tool for managing risk, especially in the volatile crypto markets.

03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, especially with an asset that has a history of high volatility like JASMY.

📢 What are your thoughts?

Vote: Do you think JASMY will break out and continue its rally or fall back into its consolidation range?

Breakout and Rally!

Fall Back and Consolidate!

Comment: Share your analysis below!