$JASMY JASMY/USDT pair on a 4-hour (4H) timeframe. Here’s the technical analysis based on the indicators displayed:
Key Indicators:
1. MA (Moving Averages):
MA7 (Yellow): 0.02087
MA25 (Red): 0.02063
MA99 (Purple): 0.01969
The current price is above both MA7 and MA25, indicating a short-term bullish trend. However, it is still relatively close to MA99, which could act as significant resistance.
2. RSI (Relative Strength Index):
Current RSI: 61.38
An RSI above 50 indicates bullish momentum but is not yet near the overbought zone (>70).
3. Stochastic (K, D, J):
K: 66.10, D: 48.08, J: 102.14
The stochastic shows bullish momentum, with potential continuation if J remains strong.
4. MACD:
Positive histogram (MACD > Signal line), indicating strengthening bullish momentum.
Key Levels:
Major Resistance (Upside):
0.02150 (24-hour high)
0.02245 (visible on the chart)
Major Support (Downside):
0.01989 (24-hour low)
0.01890 (significant support)
Trading Strategy for the Next 24 Hours:
1. Buy Entry:
If the price breaks above the 0.02150 resistance level with high volume, target 0.02245.
Stop Loss: 0.02050 (slightly below MA7 to reduce risk).
2. Sell Entry:
If the price drops below the 0.01989 support level, target a decline to 0.01890.
Stop Loss: 0.02020.
Notes:
Always confirm the trend with volume before entering a position.
If the price approaches 0.02150 but shows weakness (negative RSI divergence or declining volume), consider waiting for a pullback to the support area.