Jup | Now or NeverSince the public launch of the Jupiter currency, it has experienced intense selling pressure; however, despite all this, it has managed to maintain a high support level in the range of 0.5 - 0.45.
Personally, I have opened a long trade, The overall target is to break the recent peak; however, I will proceed with caution, especially considering the significant increases Bitcoin has recently achieved.
The stop-loss will be triggered by a daily close below the triangle, although analysis was made primarily based on the 4-hour timeframe.
Good luck
JUPUSDT trade ideas
JUPUSDT.1HAnalyzing the 1-hour JUP/USDT chart:
Trend: The overall trend appears to be bullish, as indicated by the recent higher highs and higher lows. However, the latest candles show a pullback from the high.
Resistance Levels (R1, R2): The first resistance level is at 1.0854 USDT (R1), and the next is at 1.3169 USDT (R2). These are prices at which the asset has previously encountered selling pressure.
Support Levels (S1, S2): There are support levels at 0.8612 USDT (S1) and 0.7246 USDT (S2). If the price continues to decline, these levels may act as areas where buyers could step in.
MACD (Moving Average Convergence Divergence): The MACD line is very close to the signal line, indicating that momentum is somewhat neutral with a slight bullish bias, but the convergence suggests that momentum may be waning.
RSI (Relative Strength Index): The RSI is around 55, which is neither overbought nor oversold, suggesting that there may be room for the price to move in either direction without immediate pressure from these extremes.
Conclusion:
Given the current chart setup, I would consider the current pullback as a potential entry point for a long position, especially if the price approaches the S1 level and shows signs of support. However, the proximity of the MACD lines indicates that I would need to be cautious and set a stop loss below the support level to manage the risk. If the price reverses and begins to move upwards, I would look to R1 as an initial target where I might take partial profits or assess the strength of the upward momentum. A break above R1 could indicate the potential to reach R2, depending on the volume and buying pressure observed at that time. As always, it's crucial to keep an eye on both technical indicators and market news that could affect the sentiment and direction of the price action.
#JUP: IS GETTING READY FOR A BIG Move!#JUP/USDT
Jupiter (JUP) is a sophisticated swap aggregation engine that provides critical liquidity infrastructure for the Solana ecosystem. It is also expanding its DeFi (Decentralized Finance) product portfolio, which includes a comprehensive suite of Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
The coin has experienced a significant surge of 80% in the last two weeks. This could indicate a moment of interest for investors who've had their eye on it.
The suggested strategy for JUP is to accumulate the coin on every dip, meaning investors take advantage of temporary decreases or corrections in stock prices to increase their position. This approach is based on the belief that the overall trend of the coin is positive, and buying during dips could lead to potential profits when the price rises again.
The accumulation zone for JUP is up to $0.6.
#DYOR LSE:JUP BINANCE:JUPUSDT
#JUP/USDT#JUP
The price is moving in a descending triangle and sticking to its boundaries well
We have respect for the lower border of the channel at 0.4600
We have an uptrend on the RSI that the price is following well
Entry price is 0.5126
The first target is 0.5260
The second target is 0.5429
The third goal is 0.5624
JUP has broken above the key resistance zoneJUP has broken above the key resistance zone, after the pullback it will continue to go up
🔵Entry Zone 0.5763 - 0.6132
🔴SL 0.5214
🟢TP1 0.6381
🟢TP2 0.7348
🟢TP3 0.8814
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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JUP BUY SETUPWe have a bullish iCH and iBOS on the chart, which has created a bullish view on the chart.
If to demand
If a pullback occurs, it is an opportunity to enter a buy/long position.
Closing a 4-hour candle below the invalidation level will invalidate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
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Jupiter Jupiter fomo move loading..
Solana and other sol eco coins are boosting
This is probably the highest fundamentals project on solana, handling about 80% of transactions on the network
Airdrop to solana ogs everyone staked it instantly as we saw what happened w uni last cycle so there's not much on the market
Supply shock should hit now that btc is threatening aths and eth etf rumour phase is well underway, learn what eth is and its challenges around gas fees and you'll learn why solana is so useful
Alot of the public and institutions are about to learn how useful solana is so 👌 🙃
The next step in that is learning how integral Jupiter is to the ecosystem
Boosty
JUP/USDT Breakout Alert! Indicating the Upward Momentum ??💎 JUP has recently exhibited significant market dynamics, breaking out of a descending channel. Currently, the price is in the retesting phase at the support trendline.
💎 If this retest is successful, JUP is likely to bounce and continue its upward movement towards the target area.
💎 However, if JUP closes a candle below the support trendline, it could indicate a false breakout.
💎 In this scenario, there's a potential for the price to reverse its upward momentum and resume a downward movement. This could lead JUP towards the demand area or even lower levels.
JUPUSDTmy entry on this trade idea is taken from a point of interest above an inducement.. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as i anticipate.. just a trade idea, not financial advise
testing new colors.. what do you think about this??