Let's quickly review JUP, one of the DeFi coins, which is currently ranked 51st on CoinMarketCap with a market cap of $1.75 billion.
🔍 In the 4-hour timeframe, we are observing a very large range box from 0.6312 to 1.2542, where JUP is currently at the bottom of its box.
✨ There is also a descending channel that has been accompanying the price from the top of the box, with several touches to both the bottom and top of the box, and now it has approached the bottom of the box again.
📉 If the area of 0.6312 is breached, you can enter a short position targeting 0.5588. Entry of the RSI into the oversell zone would provide a suitable confirmation for this move.
📈 For a long position, wait until the channel is broken upwards, and in this case, with the breakout of the trigger at 0.8365, you can enter a long position.
🔍 In the 4-hour timeframe, we are observing a very large range box from 0.6312 to 1.2542, where JUP is currently at the bottom of its box.
✨ There is also a descending channel that has been accompanying the price from the top of the box, with several touches to both the bottom and top of the box, and now it has approached the bottom of the box again.
📉 If the area of 0.6312 is breached, you can enter a short position targeting 0.5588. Entry of the RSI into the oversell zone would provide a suitable confirmation for this move.
📈 For a long position, wait until the channel is broken upwards, and in this case, with the breakout of the trigger at 0.8365, you can enter a long position.
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t.me/FireHoseReelCrypto
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🤵 Business Contact: t.me/FireHoseReel
💰 Join the Telegram Channel Now:
t.me/FireHoseReelCrypto
🏆 Best Crypto Exchange: promote.mexc.com/r/QFghw8yb
🤵 Business Contact: t.me/FireHoseReel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
💰 Join the Telegram Channel Now:
t.me/FireHoseReelCrypto
🏆 Best Crypto Exchange: promote.mexc.com/r/QFghw8yb
🤵 Business Contact: t.me/FireHoseReel
💰 Join the Telegram Channel Now:
t.me/FireHoseReelCrypto
🏆 Best Crypto Exchange: promote.mexc.com/r/QFghw8yb
🤵 Business Contact: t.me/FireHoseReel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.