JUP AT A CROSSROADS⚔️: Bull vs. Bear Battle at Resistance Level 🥊
#JUP is facing a critical test at its current resistance zone ($1.12-$1.20). A price rejection here could trigger a pullback towards the support area ($0.833-$0.895).📉
Here's what to watch:👀
Bull Case: A clean break of $JUP above resistance could signal further #Bullish momentum.
Bear Case: A rejection and price drop towards support suggests selling pressure.🔻
What to Consider:📈
Technical indicators: Analyze indicators like RSI or MACD to gauge momentum and potential reversal signals.
Market sentiment: Watch for broader crypto market trends that might impact JUP's price.
Trading Strategy for #JUPITER (Not financial advice):
Conservative: Wait for a confirmed price breakout above resistance before entering a long position.🟩
Active Traders: Consider placing buy orders near the support area if the price gets rejected at resistance, but remember this involves risk.⚠️
What are your thoughts on JUP??