🚨 JUP/USDT: The Solana DeFi Token is at a Crossroads! Will Support Hold?

Market Outlook: After a period of downward pressure following its all-time high in early 2024, JUP has been testing a critical support zone around $0.51–$0.52. While the overall short-term momentum has been bearish, the recent retracement to this demand zone, combined with past price action, presents a potential reversal opportunity. The overall market sentiment is cautious, with traders watching closely to see if buyers will step in at these levels.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed candle close ABOVE the resistance level of $0.54–$0.55 on a higher timeframe (e.g., 4H or Daily) with significant volume. This would signal that bulls are regaining control and that the immediate bearish pressure is easing.

💰Targets: $0.57, $0.60, and potentially $0.62.

🛑Stop Loss: Below the recent low or below the $0.50 support level.

🟥 Short Entry Trigger: Consider a short if the price breaks BELOW the crucial support level of $0.50 with a closing candle on a higher timeframe. This would signal a continuation of the downward trend.

💰Targets: $0.48, $0.45, and potentially toward the longer-term support at $0.42.

🛑Stop Loss: Above the recent swing high or above $0.54.

Your Action Plan:

01 - Wait for Confirmation: Do not rush into a trade. Patience is key. Wait for a clear, high-volume breakout or breakdown confirmation before taking a position.

02 - Use a Stop-Loss: Always protect your capital. A stop-loss is not optional; it is essential for managing risk in volatile assets like JUP.

03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, especially given the recent volatility and downward trend.

📢 What are your thoughts?

Vote: Do you think JUP will rebound from its current support or break down further?

Bounce and Recover!

Break Down Further!

Comment: Share your analysis below!