The current JUP/USDT price is at 0.8214, up slightly by 3.01% in the past 24 hours. Is this an opportunity to take advantage of the recovery trend or the next bearish signal?

Analysis

Resistance: 0.8275 (MA25), this is the nearest resistance level that the price needs to break to continue rising.

Support: 0.8141 (the nearest bottom), this area may serve as short-term support if the price corrects.

The trading volume has not shown a clear breakout, reflecting cautious investor sentiment.

RSI has not entered the overbought or oversold zone, and the short-term trend may continue to fluctuate within the current price range.

Trading Strategy

Entry Point: Consider buying if the price holds above the support at 0.8140 or breaks above 0.8275 with large volume.

Take Profit: Price range 0.8400 - 0.8450.

Stop Loss: Set a stop loss at 0.8050 to limit risk in case of a support break.

Capital and Risk Management

Use a maximum of 2% of capital for trading to minimize potential losses.

Closely monitor volume and momentum indicators to confirm the trend before making a decision.

Do you believe that JUP will soon break the resistance level or continue the downward trend? Share your insights!

#JUP #CryptoAnalysis #TradingView