🚨JUP Alert! 🚨: Breakout or Retrace? Key Levels to Watch Now!!
Analyzing JUP's recent chart, we're seeing a pivotal moment where the asset is hugging the resistance at the monthly value area high (mVAH). Here's a quick rundown:
Resistance Watch: Price at mVAH (~$1.55) indicates a tough barrier ahead. 🚧
Consolidation Key: For a potential breakout, monitor for stabilization around these levels. 🔍
Upside Potential: Break above could target the $1.7-$1.8 zone. 🎯
Support Check: Immediate floor is at $1.35; a drop here could signal a buy opportunity. 🛒
Long-term Strategy: Aiming for a longer hold? Wait for a correction and dollar-cost average (DCA) into long positions. 📊
🤔 Considering an entry or planning your next move? Weigh these levels and signals carefully. And don't forget to share your thoughts and strategies below. If this analysis hit the mark, show some love with a like or tip! 👍💡
