$JASMY focuses on data ownership and security, but like many other altcoins, its price can be volatile. Today there has been an impressive price increase, with the current price of JASMY at 0.03877 USD, here are some key points to consider for potential profit opportunities:
Important levels:
- **Support level:** Around 0.035 USD, which has been a strong support area in the past.
- **Resistance level:** The resistance level at 0.041 USD, where the price has struggled to break through in recent movements.
Potential profit strategy:
- **Bullish scenario:** If the price breaks above 0.041 USD and holds there, it could target 0.045–0.048 USD. You may consider a long position if market sentiment and momentum support JASMY.
- **Bearish scenario:** If it drops below the support level at 0.035 USD, a downward move could test the level of 0.030 USD. In this case, short selling or exiting the position may be reasonable.
Risk management:
- Set a tight stop-loss order around 0.035 USD to protect against significant losses in case the market declines.
This sharing is for reference $ETH