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#JASMY : Watch Out For This ♉️
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- Bullish overall, but currently in a consolidation phase.
- 50 EMA hit, typically leading to a strong reaction.
- EMAs on the 4-hour timeframe still acting as support.
- Resistance found at the 28 EMA.
- Support levels are at 3.7 cents and 3.55 cents.
🪷 Market Sentiment:
- Slightly more bearish after Friday.
- JASMY has reacted well but may reverse and turn bearish if markets continue to decline.
🪷 Bullish Outlook:
- Community and news around JASMY remain bullish.
- Previous consolidation phases led to breakouts and rallies.
- Strong support levels to prevent a deep dive.
🪷 Bearish Concerns:
- Bearish divergence forming between price and RSI, indicating a potential reversal.
- Loss of momentum is concerning.
- Potential bearish outlook if Bitcoin drops below 69,000 or JASMY drops below 3.7 cents.
🪷 Conclusion:
- Technicals still appear bullish, but a bearish turn is possible.
- Next 24 hours are crucial for determining JASMY's price direction.
