Technical Analysis for $JASMY /USDT:
Current Price: $0.03896 (+10.24%)
24h High: $0.03978
24h Low: $0.03484
SAR Indicator: Trend suggests a bullish momentum with key SAR values supporting this (current SAR levels indicate upward price action).
Key Support and Resistance Levels:
Support: $0.03484 (24h low)
Resistance: $0.03978 (24h high)
Trade Signal:
Trend: Bullish (As per SAR and price action)
Entry Point: $0.03850 (near current price, good entry for upward movement)
Target Levels:
1. Target 1: $0.04050 (Immediate resistance breakout
2. Target 2: $0.04150 (Next strong resistance zone
3. Target 3: $0.04300 (Extended target with momentum continuation)
Momentum:
Strength: Moderate-to-strong bullish momentum. The price has increased by +10.24% in the last 24 hours, indicating strong upward momentum.
RSI: Keep an eye on the RSI; if it approaches 70 or above, consider watching for potential overbought conditions.
Recommendation:
Buy near $0.03850 with targets of $0.04050, $0.04150, and $0.04300.
Stop Loss: Consider placing a stop loss below $0.03500 to limit downside risk.
This trade setup is based on current technical indicators showing positive momentum, but always remember to monitor the market for any signs of reversal.
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