4h time frame - Entry: $0.89 TP: $1.8 SL: $0.646 RR: 3.73 - (1) Going to break out the triangle pattern (2) Ideal breakout will make HH in future and trigger a new pump wave (3) Target for fib extension is set between 0.886~1, which is $1.8 (4) Stop loss once going below $0.646
JUP is showing us a possible retrace till $0.90, a strong support area where we could expect a bounce till the resistance level at $1.22. To perform a bounce, i would like to see a rejection at the support zone and a reversal pattern
4h time frame - JUP has dipped over 50% since hitting $1.8, accompanying with silent alts on Solana. From TA, JUP makes a healthy retracemetn that could be seen as a correction wave of Elliott impulse wave, which means there is a further pump while JUP continues to match the Elliott wave trend. Moreover, once alts season starts, JUP could gain huge profit from...
4h time frame - JUP is creating a continuation structure since correcting from 1.61. There are two potential structures that JUP would make, first one is triangle, which entry is 1.17, second one is a falling wedge, which entry is 0.9. Therefore, we need to put SL below 0.9 to avoid being liquidated once JUP goes the wedge pattern. - TP: 2 / 2.7 SL: 0.77
Unfortunately i missed a perfect entry on JUP for 1 cents. My long limit order was at 0.495 and reached 0.505. By the way, my ideas was correct, and i am entering now at the retrace, targeting 0.75
Nothing like a Jupu signal candle combined with a pendulum flip Especially when combined with a red shade (extreme overbought conditions) turning off like the example at the beginning of this image