Bullish Outlook
The JUP/USDT chart shows a potential for growth, targeting the $1.00 and possibly the $2.00 marks.Support Level: Currently, there's a strong support at $0.4948.
Resistance Level:
The chart identifies $0.75 as the immediate resistance level.Breaking Resistance: If JUP surpasses the $0.75 resistance, it could signal further gains towards $1.00.
Risk Management:
Setting a stop loss slightly below $0.4948 is advised to manage risks, particularly if the price drops toward $0.2589.
Strategic Trading:
his chart is a useful tool for both short-term and long-term traders to plan their trading strategies, focusing on the indicated support and resistance levels.
Market Awareness:
itโs crucial to monitor broader market trends that could influence price movements in the JUP/USDT trading pair.
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