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Dear Family;
$JASMY Technical Analysis:
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- JASMY, a cryptocurrency, has experienced a bullish breakout above a strong resistance level between $0.02 and $0.0195.
- Important resistance levels to watch include the 100 EMA and 200 EMA, as well as the psychological resistance level of $0.02.
- Bitcoin is showing strength on the 1-hour time frame, which bodes well for JASMY.
- Expectations are for JASMY to rebound to the $0.024-$0.025 range based on current market structure, despite being in consolidation since February.
- Concerns include the apparent lack of momentum compared to previous bullish moves and the unpredictability of weekend trading due to lower volumes.
- Waiting for confirmation in the next 24 hours, such as Bitcoin remaining neutral and open interest increasing, before buying JASMY is advised.
- If Bitcoin stays bullish, JASMY is likely to continue rallying.
- Potential risks include Bitcoin turning bearish, potentially causing JASMY to drop below $0.0195.
- Overall, optimism surrounds JASMY's bullish breakout and its potential for further upward movement.
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