JASMY/USDT Long Opportunity: $0.05 to $0.10JASMY/USDT Long Opportunity: Targets $0.05–$0.10 🚀
The JASMY chart is showing a promising Elliott Wave structure, indicating a potential bullish impulse. Here's the breakdown:
📊 Current Setup:
- The price is completing a wave (4) correction, with support holding near the golden Fibonacci retracement zone of wave (3). This aligns with 38.2% and 50% levels for strong support.
- A bullish impulse for wave (5) is anticipated to follow, aiming for the next Fibonacci extensions.
🎯 Key Targets:
1. $0.05 (100% Fib extension) – The first major target aligns with wave (3)'s full extension, offering a realistic initial take-profit level.
2. $0.065 (123.6% Fib) – A mid-level target for partial profit-taking.
3. $0.10 (161.8% Fib) – The final, high-conviction target for this wave cycle.
🛠 Risk Management:
- Place stops slightly below wave (4) invalidation (around $0.017). This ensures downside risk is managed if wave (4) extends lower.
💡 Conclusion:
If the structure holds and volume supports the breakout, this could offer a solid risk-to-reward ratio for swing traders. Keep an eye on the price action near the $0.03 level for confirmation of wave (5) initiation.
Good luck trading, and let’s see how high JASMY can go! 🚀
Disclaimer: Not Financial Advice
This post is for informational and educational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are highly volatile and involve significant risk. Always conduct your own research (DYOR) and consult with a licensed financial advisor before making any investment decisions. The author of this post accepts no liability for any financial losses or decisions made based on the information provided. Trade responsibly!