#jst here are potential entry and exit points for long and short positions, along with key recommendations:
๐ Long Positions:
๐ข Entry: Buy near the $0.040 support zone, where strong buying interest has been observed.
๐ฏ Target 1: $0.045 โ the nearest resistance level.
๐ฏ Target 2: $0.050 โ a significant resistance zone in recent trading sessions.
๐ข Entry: Upon breakout and consolidation above $0.045.
๐ฏ Target 1: $0.050.
๐ฏ Target 2: $0.055 โ an area of previous selling pressure.
โก Short Positions:
๐ด Entry: Short near the $0.050 resistance level if signs of reversal appear.
๐ฏ Target 1: $0.045 โ the closest support zone.
๐ฏ Target 2: $0.040 โ the next major support area.
๐ด Entry: After a breakdown below $0.040 with confirmation.
๐ฏ Target 1: $0.035 โ a previous consolidation zone.
๐ฏ Target 2: $0.030 โ a historical level of strong demand.
๐ง Pro Tips:
๐ก๏ธ Stop-Loss: Place stop-losses slightly below support levels for long positions and above resistance levels for short positions to manage risk effectively.
๐ Volume Analysis: Pay attention to volume spikes during breakouts to confirm the strength of the movement.
๐ Indicators: Use tools like RSI to identify overbought or oversold conditions and make smarter entry/exit decisions.
๐ก Remember: Crypto markets are highly volatile, and technical analysis does not guarantee profits. Always manage risks and trade wisely! ๐
๐ธ Donโt miss out on your profit! ๐ Set your orders right now โ click on the chart below! $JST ๐
Good luck trading! ๐๐ฐ