$Jasmy.
JASMY Short Analysis: Cooling Off After the 30% Surge?
JasmyCoin (JASMY) has been one of the top "DePIN" (Decentralized Physical Infrastructure) gainers this week, but as we hit 9:50 PM, the momentum is hitting a major exhaustion point. For traders looking at a Short (Sell) setup, here is the man-made simple breakdown.
The Current Situation
JASMY recently pulled off a massive +29% jump, peaking near $0.0097. However, the technicals are starting to scream "Overextended."
* The $0.0095 - $0.010 Resistance: This is the "End Boss" level for JASMY. Price has been rejected here multiple times in the last 24 hours. Breaking the $0.01 psychological barrier requires massive new volume that isn't currently showing up.
* The RSI Divergence: While the price made a local high today, the RSI (Relative Strength Index) has started to drop from 82 down to 65. This "Bearish Divergence" tells us that the buyers are losing their strength even while the price looks high.
* DePIN Sector Rotation: Much of this pump was driven by sector-wide interest in DePIN projects. As traders rotate their profits into other lagging coins, JASMY is likely to face a natural retracement.
Why a "Short" Might Work Now
* Profit Taking: After a 30% rally, short-term "scalpers" and whales are likely to lock in their gains before the New York session closes, leading to a "sell-off" candle.
* Bollinger Band Snap-Back: On the 4-hour chart, JASMY has been trading outside its Upper Bollinger Band. Markets hate staying outside the bands; a "snap back" to the middle line (~$0.0078) is a common technical move.
* Low Buy Support Below $0.0090: On-chain order books show a "liquidity gap." If the $0.0088 support breaks, there isn't much to stop a quick drop back to $0.0075.
The Trade Setup (9:50 PM Update)
| Level Type | Price Target | Reason |
|---|---|---|
| Entry Zone | $0.0091 - $0.0094 | Heavy resistance and rejection zone. |
| Stop-Loss (SL) | $0.0102 | If it breaks $0.01, the "Moon" mission continues. |
| Take Profit (TP) | $0.0076 | Previous breakout zone and 50-day EMA support. |
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