JASMY Coin Analysis



1. Examining the Chart:



• Formation: A cup formation is observed in the graphic. This formation generally indicates that the price will move upwards. If the formation is completed, the target price will be the level within the specified blue area.


• Trend: It is seen that the price has broken out of a horizontal movement and entered an upward trend. There is a downward trend breakout, which is an important signal for the continuation of the rise.



2. Target and Prices:



• Short-Term Target: If the bowl formation is completed, the first target is around 0.055 USD levels.


• Medium Term Target: If the market progresses positively, it can reach higher levels of 0.07 USD and above.


• Stop-Loss: The 0.023 USD level is the critical support area. If closings occur below this level, the position may be at risk.



3. Support and Resistance:



• Support Levels:


• 0.025 USD: First support level.


• 0.023 USD: Major support level.


• Resistance Levels:


• 0.03 USD: First strong resistance.


• 0.055 USD: Second resistance level (target zone).



4. Indicators:



• RSI: Caution should be exercised if approaching overbought territory, but upside potential remains high.


• Volume: Increasing volume during an uptrend indicates that the uptrend is strong.


• Moving Averages: The 20 and 50-day moving averages intersect, giving a buy signal.



5. Strategic:



1. Purchase Strategy:


• The price can be bought from the 0.025 USD support level.


• Breakout of 0.03 USD resistance can be followed for gradual buying.


2. Sales Strategy:


• Profit taking may be considered at the level of 0.055 USD.


• Risky investors can wait for the formation to complete and focus on higher targets.


3. Risk Management:


• It is important to set the stop level as 0.023 USD.


• Adjust position size according to risk tolerance.



Conclusion and Comment:



JASMY coin has an upward potential considering the formation target and general market structure. However, volume support and market conditions should be closely monitored. Stop levels should be carefully determined against the risk of decline. It would be wise to follow a gradual buying and selling strategy.