Professional Analysis Report for $JUP /USDT

Chart Overview: The chart presents the $JUP /USDT trading pair on a 15-minute timeframe. The current price is $1.0913, with an 11.91% increase over the past 24 hours. The 24-hour volume data shows 68.14M JUP and 70.28M USDT traded, indicating significant market activity.

24h High: $1.1140

24h Low: $0.9630

Current price: $1.0913

Trend Analysis:Short-Term Downward Movement:

The chart indicates a minor pullback from the recent high of $1.1140, as the price retraces to $1.0913, showing a -0.18% drop within the last few candles. Despite this pullback, the overall trend seems bullish given the daily price increase of over 11%.Volume:

The Volume SMA 9 suggests moderate trading activity, with recent volume spikes indicating buying interest, especially around the $1.0800–$1.1000 zone.Price Action Zones:Support Level: Around $1.0600.This level is a key area to watch for a bounce in case of further pullbacks. The price previously found support near this area and rebounded strongly.

Resistance Level: Between $1.1100 and $1.1200.The price faced resistance close to this zone after approaching its daily high of $1.1140, making it a critical area for sellers.

Short Trade Entry:Entry Level:

Short trades could be considered if the price fails to break above $1.1000 or tests the upper resistance zone near $1.1100–$1.1200 and shows signs of weakness (e.g., lower highs, decreasing volume).

Stop-Loss: Set above $1.1200 to protect against potential upside breakouts.Target:Short-term target near $1.0600 (support zone).Extended targets could be near $1.0300 if bearish momentum strengthens.

Long Trade Entry:Entry Level:

A long trade could be initiated if the price manages to break and sustain above $1.1000 with a strong bullish confirmation candle.

Stop-Loss: Set below $1.0600 to minimize downside risk.

Target:Immediate target near $1.1140 (recent high).If bullish momentum continues, the next target could be $1.1200 or potentially higher.#APTSurpassesSUI #CryptoPreUSElection #BinanceBlockWeek2024 #ETHBTCNewLow #Write2Earn!