๐ Bullish Reversal Setup: JST's bounce from the support zone resembles a classic "cup and handle" pattern. If it breaks above $0.02745, we could see a bullish continuation.
1. Support and Resistance Levels:
Support (Buy Zone): JST has found strong support around $0.03850 USDT. This level has historically acted as a springboard for bullish moves.
Resistance (Sell Zone): The immediate resistance lies near $0.02745 USDT, where price faces selling pressure.
2. Current and Previous Values:
Current Price: JST is currently trading at approximately $0.02722 USDT.
Previous High: The recent high was $0.02745 USDT, signaling potential resistance.
4. Entry Strategy:
Long Position: Consider entering long if JST breaks above $0.02745 with strong volume. Set a stop-loss just below the support level.
Short-Term Target: Aim for the next resistance at $0.02780 USDT.
:Remember, always perform your due diligence and adapt to market dynamics. Happy trading! ๐๐ก
If you have any further questions, feel free to ask! ๐๐.#Jstusdt #LowestCPI2021 #BlackRockETHOptions #Write2Earn! #BinanceTurns7