JSTUSDT (1D) - Technical Analysis & Trade Setup📌 Market Overview:
The price has been in a downtrend, forming a descending channel.
Currently trading near 0.03135, with 0.03718 acting as a key resistance.
A bullish breakout from the descending channel appears to be forming.
RSI breakout above trendline resistance suggests increasing bullish momentum.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.03135
🎯 Take Profit Targets:
First Target (Resistance Level): 0.03718
Second Target: 0.042 - 0.045 (Next key resistance)
Final Target (Long-term Potential): 0.050+
🔻 Stop-Loss:
Below 0.029, as a drop below this level invalidates the bullish setup.
