technical analysis and trade signals for $JASMY /USDT based on the provided data:
Technical Analysis: JASMY/USDT
Current Price: $0.05529
24H High: $0.05600
24H Low: $0.03899
Volume: 5.21B JASMY (246.98M USDT)
Market Momentum:
Short-Term (15m, 1h): Bullish, showing upward momentum with strong buy-side volume.
Mid-Term (4h): Positive, with consistent buying pressure and momentum indicating a continuation towards resistance levels.
Daily (1D): Significant gain of +39.66% signals overbought conditions, with potential retracement near the key resistance level.
Trade Setup
Entry Levels:
1. Aggressive: $0.05450–$0.05530 (current range)
2. Conservative: $0.05100 (support retest level)
Targets 🎯:
1. Target 1: $0.05800 (short-term resistance)
2. Target 2: $0.06000 (psychological barrier and key resistance)
3. Target 3: $0.06500 (strong resistance zone for swing traders)
Stop-Loss:
Tight SL: $0.05200 (below support)
Wider SL: $0.04800 (strong swing support)
Trade Momentum:
Bullish Bias due to high volume and sharp price increase.
Be cautious of profit booking near $0.06000 as RSI may enter overbought levels.