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$JASMY/BTC 12h (#BinanceSpot) Falling wedge on support

77
JasmyCoin seems to be bottomed here and would likely bounce back towards 100EMA (orange) resistance.

Current Price= 0.00000043
Buy Entry= 0.00000043 - 0.00000037
Take Profit= 0.00000072 | 0.00000104 | 0.00000152
Stop Loss= 0.00000024

Risk/Reward= 1:2 | 1:4 | 1:7
Expected Profit= +80.00% | +160.00% | +280.00%
Possible Loss= -40.00%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1.5 months

Tags: #JASMY #JASMYBTC #DataDemocracy #PoV #Enterprise #Payment #DeFi

Website: jasmy.co.jp/en_company.html

Contract:
#ERC20 0x7420B4b9a0110cdC71fB720908340C03F9Bc03EC
Trade active
All entries filled

#JasmyCoin dipped to retest wedge support, now some ranging before reversal would be logical.

snapshot
Note
Back to Break-Even

#JasmyCoin was starting to look pretty bad yesterday but suddenly woke-up and bounced!
Set-up remains valid but of course much resistance ahead, let's watch it closely.

snapshot
Note
Up to +45.00% from average entry

JasmyCoin pushed higher after a last pull back and finally regained 50MA.
This looks solid and bullish continuation seems very likely, at least until 1st target!

snapshot
Trade closed: target reached
Adjusted TP1 reached with +50.00% and +1.54R

JasmyCoin is trying to break-out but facing wedge resistance, we edited targets and stop "tighter" to adapt to Price Action (PA).
You can change those values like on the chart or even use a closer SL at last entry (37 sats) to secure the trade!

snapshot
Trade closed: target reached
TP2 reached with +120.00% and +3.69R

JasmyCoin confirmed the break-out and pushed higher, almost hitting last target, missed by 2 sats only.
200MA (purple) is acting as resistance now, don't forget to TP some more, SL adjusted to highest entry (0.00000043)


snapshot
Trade closed manually
Remaining position was closed with +7.50% and +0.23R

JasmyCoin retraced down to demand zone after being rejected on 200MA several times.
Let's keep an eye on it and re-enter on a pull-back once the downtrend is broken!

snapshot
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Trend Analysis
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.