$JUV : Sharp Pullback After Massive Gains
$JUV is currently trading at $1.746, up 68.70% in the last 24 hours. The price has seen a high of $3.859 and a low of $1.028, indicating extreme volatility after a strong rally.
📊 Market Overview
🔹 Resistance Levels: $1.879 - $2.019
🔹 Support Levels: $1.705 - $1.600
📉 Moving Averages:
7 MA: $1.786 (price trading below short-term trend)
25 MA: $1.933 (key resistance zone)
99 MA: $1.968 (longer-term resistance)
💡 Trade Setup
Bullish Scenario (Bounce Off Support)
✅ Entry: Above $1.80 (if price holds above support)
🎯 Target 1: $1.93 (retest 25 MA)
🎯 Target 2: $2.10 (strong resistance)
⛔ Stop-loss: $1.68 (below recent low)
Bearish Scenario (Break Below Support)
✅ Entry: Below $1.70 (continuation of the downtrend)
🎯 Target 1: $1.60 (psychological support)
🎯 Target 2: $1.50 (further downside)
⛔ Stop-loss: $1.85 (above 7 MA)
📈 Market Sentiment
JUV has seen an extreme rally but is now retracing.
Price is trading below the 7 MA and 25 MA, signaling short-term weakness.
If bulls step in above $1.80, a bounce could push it toward $2.00+.
If support at $1.70 fails, expect a drop toward $1.60 - $1.50.
🚀 Possible Next Move
📌 If JUV/USDT reclaims $1.80, expect a move toward $1.93 - $2.10.
📌 If price drops below $1.70, expect a decline toward $1.60 - $1.50.
⚡ Traders should wait for confirmation before entering trades. The market remains volatile after the big move
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