#JUP/USDT Trading: Key Insights from Daily Chart Analysis
$JUP

Support and Resistance:

200-period MA: $0.9591 (Strong support level)

VWAP: $0.9580 (Aligns with the current price, indicating equilibrium)

Technical Indicators:

RSI: 63.22, suggesting strong momentum but not yet overbought.MACD: The MACD line at 0.0300 is above the signal line at 0.0132, indicating bullish momentum.

Maintain positions above the key levels of $0.9591 (MA) and $0.9580 (VWAP) to capitalize on potential upward movements. Holding these levels ensures a high probability of success.

Expected Outcomes

Based on the analysis, traders can expect a bullish outlook if the price sustains above the VWAP and breaks above immediate resistance levels. There is a high probability of an upward move, supported by increasing volume and bullish divergences.

Conversely, if the price fails to hold above the 200-period MA and retraces below the 38.2% Fibonacci level ($0.8500), there is a probability of a downward move toward the next support level.

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