Jasmine (JASMY) Market Analysis – April 2025
Good morning, everyone! Here's the latest analysis on Jasmine (JASMY) for today. While there’s been a lot of interest and volume around this altcoin, I’m still bearish in the short-term but open to a possible breakout later.
Current Situation: Jasmine is currently facing significant resistance between 1.75 and 1.85 cents. Despite some bullish moves, I believe the market conditions are still unstable, making it risky to go long. If you’re planning to trade, it’s crucial to be cautious and avoid longing at these levels.
Short-Term Strategy: The ideal scenario for Jasmine would be a breakout above the 1.85 cent level. However, based on current conditions and the leverage observed in the market, it's more likely that we’ll see a pullback. A move to 1.45 cents is likely, which corresponds to a previous value area high. If there’s strong support at that level, we could potentially see a sustainable bullish move.
Key Levels to Watch:
Resistance: 1.75-1.85 cents
Support (for a potential bounce): 1.45 cents
Strong Support Zone: 1.25-1.3 cents
Conclusion: I anticipate a slight pullback in Jasmine towards 1.45 cents before any significant move. Be cautious about entering trades right now, as there’s a risk of further downside. The optimal shorting opportunity would be a break below 1.45 cents or a spike to 1.85 cents for a safer risk-to-reward ratio.
Stay updated and trade wisely. Let me know your thoughts and strategies!
Take care, and good luck!
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