💥$JASMY /USDT Testing Resistance After a +13.07% Rally!🔥
🌟Current Price: 0.01895 USDT (+13.07%)
🌟24 Hour High: 0.01917 USDT (Significant resistance zone).
🌟24 Hour Low: 0.01641 USDT (Critical support area).
Volume (24H):
🌟JASMY: 825.97M
🌟USDT: 14.58M
⚡JASMY is exhibiting strong bullish momentum, nearing its 24 hour high and resistance level. The chart reveals consistent green candles, reflecting buyer strength and increased trading activity.
⚡Technical Insights 🧩
1. Bollinger Bands: Widening, indicating elevated volatility and the potential for breakout or pullback scenarios.
2. RSI: Likely approaching overbought conditions; monitor closely for reversal signals.
3. MACD: Positive crossover confirms bullish momentum; watch for divergence near resistance zones.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Continuation Trade
👉Entry Point: Above 0.01900 USDT (confirmed breakout with increasing volume).
👇Take Profit Targets:
🎯TP1 (1:1): 0.01930 USDT
🎯TP2 (1:2): 0.01970 USDT
💢Stop Loss: Below 0.01880 USDT
🎖️Bearish Scenario
Type: Reversal Trade
👉Entry Point: Below 0.01880 USDT (confirmed rejection at resistance).
👇Take Profit Targets:
🎯TP1 (1:1): 0.01850 USDT
🎯TP2 (1:2): 0.01820 USDT
💢Stop Loss: Above 0.01890 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, after hitting TP1 (0.01930 USDT):
Adjust Stop Loss to Breakeven (Entry Price).
Secure partial profits (~50% trade quantity) while holding for extended targets.
Similarly, for Bearish Setup, lock in gains at TP1 (0.01850 USDT) by moving Stop Loss to Entry.
⚡Key Observations ✍️
1. Validate breakout or pullback moves with strong trading volume to avoid false signals.
2. Monitor the 0.01917 USDT resistance zone closely—failure to breach could lead to consolidation or retracement.
3. Exercise patience and disciplined risk management in this highly volatile environment.
Disclaimer: #DYOR*
Buy Or Trade With Me On $JASMY
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