$JASMY $JASMY

Here's a professional analysis of $JASMY /USDT based on the information provided:

Current Price and Trend

Current Price: $0.02107 (up 9.40% in the last 24 hours)

24h High: $0.02238

24h Low: $0.01878

Key Technical Indicators

Moving Averages:

MA(7): $0.02023 (immediate short-term support)

MA(25): $0.01794 (medium-term support, indicating a bullish short-term trend)

MA(99): $0.01819 (longer-term support, showing overall upward movement in recent weeks)

Technical Analysis and Strategy

1. Resistance Levels:

Primary Resistance: $0.02238 (current 24h high). A break above this level could indicate strong bullish sentiment.

Extended Resistance: $0.02270, where some selling pressure may occur if it reaches the upper trading range.

2. Entry Levels:

Primary Entry Zone: Around $0.02023 (MA(7)), which is currently a strong support level. Entering around this level could provide a good entry for a potential bounce.

Breakout Entry: Consider entering a long position if the price breaks above $0.02238 with strong volume, targeting higher levels.

3. Stop Loss:

Main Stop Loss: Place below $0.01794 (MA(25)), as a fall below this level may signal a reversal of the recent bullish trend.

Tighter Stop: Below $0.02023 if entering around this level to limit risk on a shorter timeframe trade.

4. Take Profit (Target):

Initial Target: $0.02238 (current resistance level).

Extended Target: $0.02270, where profit-taking may occur if the uptrend sustains.

Trade Summary

Bullish Scenario: Look for a breakout above $0.02238 and target $0.02270 for potential gains. Use a trailing stop as the price moves upward to secure gains.

Bearish Scenario: If price fails to hold above $0.02023 and falls below $0.01794, consider a short position as it may indicate a shift to a downward trend.

Risk Management

Adjust stop-loss levels upward if price moves past $0.02238 to capture profits while limiting risk.

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