Jasmine (JASMY) Price Analysis – Bullish Momentum Building
Jasmine has shown a promising move from its recent low, reclaiming key Fibonacci levels. After bouncing from the 0.382 retracement, Jasmine now sits above both the 0.382 resistance turned support and the 0.236 support, indicating bullish momentum may be building.
Key Levels:
Bullish Support Zone: 17.5 (critical support)
Resistance Zones: 23, 29
Breakout Targets: 39 (short-term), 10–12 cents (mid-term), and potentially up to 18 cents (long-term)
Trade Setup:
Entry: Current price above 17.5 (wait for confirmation if retesting support)
Short-term Target: 23
Mid-term Target: 29
Long-term Target: 39 – 12 cents+
Stop Loss: Below 17.5 (tight) or 15.4 (confirmed breakdown)
Invalidation: A drop below 15.4 would indicate the top may be in and suggest a deeper correction toward previous lows.
Summary: Jasmine is holding a bullish structure as long as 17.5 support remains intact. A move above 23 opens the path to 29, while clearing 29 could ignite a rally toward the 10–18 cent zone.
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