$JASMY Market Update ๐จ๐
JASMY saw a significant drop yesterday with some intraday volatility, retesting the resistance at $0.034 before continuing its downward move. Traders might have attempted to manipulate JASMY shorters before the drop, but ultimately, more long positions were liquidated. There was a major short hunt, followed by a bearish breakout, suggesting that JASMY is likely to fall further.
I personally shorted JASMY and provided a short signal in my signal group. The next main support level for JASMY is around $0.0275-$0.028, aligning with support found in Bitcoin. Given the loss of momentum and poor market conditions, it's unlikely JASMY will rally or enter a big bull run. While JASMY may hold the $0.0275 support, a bounce might not turn into a bullish breakout, and a bearish breakout is possible.
I expect low volatility from JASMY, with the price likely pulling back to the $0.025 level, forming a consolidation between $0.025 and $0.0325. I will continue to monitor JASMY and provide updates on any changes in the market situation.
