JUP - Perfect RetestJupiter just had a perfect retest of its key liquidity zone. This zone ranges from $0.57-$0.65 with a median line around $0.62.
We saw price briefly wick into that liquidity zone and have seen a massive bounce. This shows there is strong demand and old resistance has been flipped into new support.
We also wee a perfect bounce off oversold conditions at the 30 on our 1D RSI.
JUPUSDT trade ideas
JUP Long Trade SetupCurrent Situation:
Fundamental News:
JUP is looking to burn 30% of its supply, reducing the total supply from 10B to 7B tokens.
The team, including co-founders, has pledged to extend their vesting period to June 2026, demonstrating a long-term commitment to the project's success.
Technical Analysis:
The price is currently forming a double bottom, a bullish reversal pattern.
We will look for the 0.7579 area of support to hold and watch for signs of a shift in structure towards the upside to enter the trade.
Trade Strategy:
Entry Point: Enter a long position in the range of $0.78 to $0.84.
Take Profit Targets:
First Target: $0.98
Second Target: $1.12
Stop Loss: Set a stop loss at $0.684 to manage risk.
Summary:
JUP's proposal to burn 30% of its supply and the extended vesting commitment by its team are strong indicators of potential long-term success. Technically, the double bottom pattern suggests a possible bullish reversal. The trade strategy involves entering at $0.78 to $0.84, with profit targets at $0.98 and $1.12. The stop loss is set at $0.684 to limit downside risk.
JUP looks bearishIt looks like we had a big wave A that is over.
Now it has entered the big B wave.
A big B wave looks like an ABC.
Wave b of B looks like a diametric that is over.
We now seem to be in wave c of B.
If the price reaches the supply range, we will look for sell/short positions
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Jupusdt showing great opportunity againJupusdt is once again displaying signs of forming a potential rounding bottom pattern after the correction phase following the achievement of our target for the primary rounding bottom, which yielded significant rewards in our previous analysis.
Our plans entails buying from the buy-back zone and focusing on the provided targets. These targets will come into play once the immediate neckline, acting as strong resistance, is breached. We advocate for implementing a tight stop loss to manage risk effectively.
We value your insights and opinions on Jupusdt and welcome further discussion on this coin.
JUP/USDT Breakout Alert!! Bullish momentum for JUP movement.💎 Paradisers, #JUP is indeed a coin worth monitoring closely.
💎 JUP has successfully broken out of the ascending triangle pattern, signaling bullish momentum for continued upward movement.
💎 Currently, the price is consolidating around the support area, which previously served as resistance within the ascending triangle. If the price can bounce from this support, there's potential for further upward movement towards the resistance at 1.46 area.
💎 Breaking this resistance is crucial for JUP to sustain its upward trajectory and potentially reach our target strong resistance area.
💎 However, if JUP fails to bounce from the support and even breaks down below it, it could signal a fakeout in the pattern, which is a negative sign. In such a scenario, the price may retreat to test the demand area around $1.
💎 The demand area holds significant importance as it needs to sustain and initiate a bounce to reclaim the price above the support for the continuation of the upward movement. If JUP fails to achieve this and breaks below the demand area and the support trendline, it would confirm bullish invalidation and potentially lead to further downward movement.
MyCryptoParadise
iFeel the success🌴
Jupiter Comeback After Finding Support, Eyes $1.30Since its debut on major exchanges on January 31, 2024, Jupiter (JUPUSDT) has been a token on the move. The Solana-based decentralized exchange aggregator has experienced a rollercoaster ride, with both impressive gains and notable pullbacks.
However, recent price action suggests JUP may be poised for another upswing. After finding support at $0.86 in a recent correction, the token has climbed back to $1.06 , currently facing resistance. A decisive break above this level could propel JUP towards $1.30 .
JUPUSDT (Bullish)The chart combines multiple technical analysis methods, including Elliott Wave Theory, Harmonic Patterns, and Fibonacci retracement levels, to provide a comprehensive analysis.
The Gartley pattern is a bullish reversal pattern, indicating that the price might increase from the current level around 1.02, especially if it confirms the D point and the 0.618 retracement level.
The corrective wave (A) (B) (C) aligns with typical Elliott Wave theory, suggesting the price might now seek a new impulse wave if it follows the typical wave pattern behavior.
The significant Fibonacci retracement levels, particularly the 0.618 level, add further validation to the potential reversal zone indicated by the harmonic pattern.
-If the Gartley pattern and Fibonacci retracement levels hold, it indicates a potential bullish reversal from the current levels.
Jup going for 2 digits!Jup never have any weekly candle close below the C.E of the Weekly fvg/BISI.
●Which is a bullish sign for Jupiter.
●Buy Some at CMP.
●What is we get a dump and Jup keep going down, then buy Jup with heavy amount in 0.7350$ to 0.6486$ range.
But I don't think we'll get that dip, but if we got one then it may be a quick wick.
●Jup cab easily trade near 10$ .