Technical Analysis for JST/USDT
Current Price: 0.04844 USDT
24h Change: +25.69%
Key Indicators:
Resistance Levels:
1. 0.05200 USDT (previous 24h high) – Strong resistance
2. 0.05178 USDT (SAR level) – Trend reversal potential
Support Levels:
1. 0.03837 USDT (previous 24h low) – Strong support zone
2. 0.04269 USDT – Recent level of consolidation
Volume: 705.66M JST traded in the last 24 hours, indicating healthy market activity.
Trade Signal:
Momentum: Strong upward momentum with +25.69% in the last 24 hours.
Trend: Bullish, as the price is moving towards the resistance levels and volume is increasing.
Suggested Trade Targets 🎯:
1. Target 1: 0.05200 USDT
Expect potential resistance here, and this level could be a good point to watch for profit-taking or a breakout.
2. Target 2: 0.05178 USDT
Close to the SAR indicator, this level could indicate the end of the uptrend if momentum slows down.
3. Target 3: 0.05450 USDT (Potential Extension)
If momentum continues strongly, this target offers an extension if the price breaks above 0.05200 USDT.
Trade Momentum:
Buy Signal: Enter on pullbacks near support levels like 0.04269 or 0.03837.
Exit Strategy: Watch for resistance at 0.05200 and 0.05178, where the price could either consolidate or reverse.
The bullish momentum suggests further upward movement, but careful monitoring of the resistance levels is recommended for optimal exits.
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