JASMYUSDT Idea- Pullback
Hey traders!
JASMY has been on a strong run lately, reaching highs of $0.2890 on the daily and 4-hour charts. However, it's natural for any asset to experience pullbacks after a significant climb. In this case, JASMY found support around the 50% Fibonacci retracement level, which often acts as a historical buying zone. This area also coincides with daily resistance, indicating a potential turning point.
The good news? The bulls (investors hoping for price increases) seem to be back in charge! After the price correction, JASMY has shown renewed momentum and could be headed towards the $0.35600 price range.
JASMY has been on a strong run lately, reaching highs of $0.2890 on the daily and 4-hour charts. However, it's natural for any asset to experience pullbacks after a significant climb. In this case, JASMY found support around the 50% Fibonacci retracement level, which often acts as a historical buying zone. This area also coincides with daily resistance, indicating a potential turning point.
The good news? The bulls (investors hoping for price increases) seem to be back in charge! After the price correction, JASMY has shown renewed momentum and could be headed towards the $0.35600 price range.
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