$JUP Price Update
$JUP has broken out of the trend line resistance of the symmetrical triangle on the 1D time frame! Now, we are waiting for a retest of the breakout level.
Once the retest holds, we could see a significant upward move. Here’s your next action plan:
Retest Zone
Support Range: $X.XXX - $X.XXX (Retest range after breakout)
Wait for the price to test and hold this level before considering an entry.
Buy Zone
Entry Range: After successful retest, look for a solid bounce from the retest level to enter.
Target Levels
Target 1: $X.XXX (Immediate target after retest)
Target 2: $X.XXX (Mid-term bullish target)
Target 3: $X.XXX (Long-term breakout potential)
Stop Loss
$X.XXX
Set your stop loss below the retest zone to protect against a failed breakout.
Key Insights
Breakout Success: The breakout from the symmetrical triangle is a strong bullish signal.
Watch for Retest: The success of the retest will confirm the strength of the move.
Bullish Continuation: If the retest holds, the next phase could be a sharp upward move towards the targets.
Final Thought:
$JUP ’s breakout looks promising. Watch the retest closely for a confirmation and then ride the potential upward momentum with careful risk management!
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