$JASMY Short Liquidation Alert.

$8.6583K of short positions have been liquidated at the price of $0.03774. This signals a significant market move, and traders are actively looking for the next direction. Here's a breakdown of what to expect and how you can approach $JASMY.

Current Market Overview.

The liquidation of short positions indicates that the market is reacting to some buying pressure, potentially leading to a rise in price. This could be a key moment for both short-term and long term traders to position themselves.

Buy Zone.

$0.038 to $0.040: If the price drops to this zone, it may be an ideal time to consider entering long positions. This range could act as support, and if buyers step in here, a potential reversal might follow.

Target Zone.

$0.045 to $0.050.

The next resistance zone is around these levels. If the price climbs and reaches these targets, there could be a good opportunity to take profits.

Stop Loss.

$0.033 to $0.035.

To manage risk effectively, set your stop loss below the recent low. If the price dips below this level, it could signal a continuation of downward pressure, so it's better to exit the trade.

Next Steps.

1. Monitor Market Trends.

Keep an eye on market sentiment and news that might affect $JASMY. Any major event can lead to sudden moves.

2. Watch for Price Action.

If $JASMY starts showing bullish signals, it might be a good idea to enter around the buy zone. Look for confirmation through candlestick patterns or volume increases.

3. Risk Management.

Always use proper risk management. Never risk more than you are willing to lose.

This is a simple guide to help you stay informed and make the right decisions. Always stay cautious and monitor the market carefully.

#JASMY/USDT #GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual #BinanceLaunchpoolBIO