JUP/USDT Breakout Alert : Multi-Month Resistance in Focus

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Jupiter (JUP) is making waves as it breaks out of a multi-month resistance on the USDT perpetual chart, signaling a potential bullish trend ahead. For traders eyeing a strategic entry, patience and key indicators are essential.

Key Steps for Confirmation :

- Confirmation Candle : Wait for a solid 4-hour candle to close above the breakout level to validate the move.

- Volume Check : Ensure that strong buying volume accompanies the breakout to confirm buyer interest.

- Technical Indicators :

- MACD : Look for a bullish crossover, signaling upward momentum.

- RSI : Confirm that RSI supports the bullish trend without being overbought.

Conclusion :

JUP's breakout from its prolonged resistance could indicate a shift to bullish momentum. However, traders should await confirmation signals like a strong 4H candle and increased buying volume before making a move.

Advice :

Exercise caution by adhering to these confirmation signals to avoid false breakouts. Enter trades strategically and manage risks with appropriate stop-loss levels.