JUP is currently in a downtrend after failing to hold above $0.9000, dropping over 12% in the last 24 hours. If it holds support at $0.8087, a bounce toward $0.8705 - $0.9095 could be expected. However, failure to hold support may lead to further downside below $0.7990.
๐ข Pro Tip: Wait for confirmation before entering a trade. If $0.8377 holds as support, a relief bounce could be in play. ๐๐
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JUP/USDT Analysis โ Downtrend or Reversal Incoming? ๐จ๐
๐ Current Price: $0.8377 (-12.38%)
๐ Key Levels to Watch:
โ Support Zone: $0.8087 - $0.7990 (Pullback Area)
โ Resistance Zone: $0.8705 - $0.9420 (Breakout Target)
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๐ Bullish Recovery Strategy:
๐น Entry Zone: $0.8087 - $0.8200 (Buy on Support)
๐ฏ Take Profit Targets:
โ TP1: $0.8705
โ TP2: $0.9095
โ TP3: $0.9420
๐จ Stop Loss: Below $0.7990
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๐ Bearish Continuation Strategy:
๐น Entry Zone: $0.8705 - $0.9095 (Sell if Rejected)
๐ฏ Take Profit Targets:
โ TP1: $0.8377
โ TP2: $0.8087
โ TP3: $0.7990
๐จ Stop Loss: Above $0.9420
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โก Market Outlook:
JUP is currently in a downtrend after failing to hold above $0.9000, dropping over 12% in the last 24 hours. If it holds support at $0.8087, a bounce toward $0.8705 - $0.9095 could be expected. However, failure to hold support may lead to further downside below $0.7990.
๐ข Pro Tip: Wait for confirmation before entering a trade. If $0.8377 holds as support, a relief bounce could be in play. ๐๐
#JUP #BTC #Crypto Downturn: Hold or Sell? #ETH