$JASMY is soo much under pressure !!market wants to breakout!!but again and again breakdown caused !!!(Take a short trade entry on these levels !!!'🔥💯

Analysis:

The price is currently respecting a descending channel, with a potential for further downside movement. Bears are showing dominance, and a rejection at the channel’s upper boundary suggests an ideal short entry opportunity.

Trade Setup:

• Entry: $0.03610 (after confirmation of rejection from resistance).

• Stop Loss (SL): $0.03700 (above the channel’s upper boundary).

• Take Profit (TP):

• TP1: $0.03550

• TP2: $0.03480

Key Notes:

• Confirm the breakout of minor support for further confidence in the trade.

• Secure partial profits at TP1 and adjust SL to breakeven for a risk-free trade.

• Monitor price action closely for signs of reversal if volume diminishes.

Risk Management: Keep risk below 2% of your capital. Ensure proper position sizing to maintain discipline.