Yello, Paradisers! After months of relentless selling, could #JASMY finally be staging a comeback? Let's dive into its key technicals:
💎After an extended and painful downtrend, JASMY has finally broken out of its multi-month descending trendline resistance. This significant technical breakout marks the first step toward a potential broader recovery. Moreover, the price action is shaping a potential cup and handle formation—a powerful bullish continuation pattern—which strongly suggests that the recovery momentum still has further room to run.
💎At the moment, #JASMYUSDT is battling a crucial resistance zone between $0.01750 and $0.01850. This area serves as the neckline resistance of the developing bullish structure. A clean and convincing breakout above this zone would trigger a major shift in momentum, potentially setting up JASMY for a back-to-back bullish breakout.
💎Should bulls succeed in pushing above this resistance, the next immediate target lies at $0.02500 to $0.02750—a heavy supply zone that coincides perfectly with the 50% Fibonacci retracement. This level is expected to attract some strong profit-taking.
💎However, if bullish strength continues to hold firm even after that, JASMY could extend its rally toward the 61.8% Fibonacci retracement zone, located around $0.03650 to $0.04000. This region is historically known to be a "golden pocket" for reversals and thus demands maximum caution. If signs of exhaustion emerge near this zone, it could potentially mark a medium-term top.
💎JASMY’s first primary support now sits at $0.01500. Below that, a firmer, more critical support base exists between $0.01150 and $0.01100—a zone that has already proven capable of withstanding strong selling pressure in the past.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
