Support & Resistance Levels:
• Support Level 1: 0.85 USDT
• Support Level 2: 0.84 USDT
• Resistance Level 1: 0.88 USDT
• Resistance Level 2: 0.90 USDT
Market Sentiment:
• Price Action: Currently, 0.8531 USDT is showing a slight downward trend, with a 2.90% change in the last 24 hours. The price recently reached 0.9360 USDT as the high, but it has now corrected lower.
• Volume: The 24-hour volume is 23,508,829.91 USDT, indicating decent activity, but no extreme bullish momentum at the moment.
Trading Strategy:
🔷 JUP/USDT
🟩 Long - Given the market’s recent dip, there’s potential for a bounce off 0.85 USDT support.
♻️ Leverage: 10x (based on risk appetite)
👉 Entry: 0.8531 USDT
Target 🎯:
• 0.86 USDT
• 0.87 USDT
• 0.88 USDT
• 0.90 USDT
Stop Loss ⛔:
• 0.84 USDT
The market sentiment is slightly bullish for now as the price is sitting near the support level, and if it breaks above 0.86 USDT, it could likely test the next resistance levels at 0.88 and 0.90 USDT. If the price fails to hold above 0.84 USDT, it could see further downside.
