#jup
《Market Correction ———— Jup Point Update》
The large coin has started to correct itself under the influence of the decline in the US stock market, with support around 71500 being broken. If it cannot recover by 12 o'clock, the support level below will likely reach the 69000 mark. The hourly chart shows a signal of stopping the decline, but market repair takes time.
Ethereum's performance yesterday was just shy of the 2750 resistance level. It seemed like it was going to make a big move, but instead, it took a big dip. The trend indicates it will test whether the 2500 mark is solid. Yesterday's daily line formed a golden cross, and today, after the line change, it may turn into a dead cross, resembling a bit like a loser.
We added to our position in Jup around 1 in the previous round, and only reduced our position near 1.044. The reduction position at 1.1 was not reached before the correction began. The trend suggests that around 0.9460 is an ideal position to add to positions.
Friends who are in cash or have few chips can consider adding to their positions near the current price of 0.98. In the 4-hour trend, Jup has already recovered from its decline and is above the support level of 0.98.
Now hold onto your chips. A healthy correction is for a better rise. A large amount of capital is continuously flowing into the market every day. I hope we don't fall before dawn, and don't let others pick up your bloodied chips.
