JFIN Coin 12/06/2024To analyze the provided chart, I'll break down the key elements visible:
Analysis:
Short-Term Prediction: The chart predicts a short-term increase to around 9.95, followed by a decline.
Medium to Long-Term Prediction: A significant decline is expected, potentially reaching the support zone around 5.50 to 6.50.
Strategy:
For Traders: If you are trading based on this chart, a possible strategy might be to:
Monitor the price action around 8.85 (Target 1)to 9.95 (Target 2) for signs of reversal.
Consider short positions if the price fails to break above 9.95 convincingly.
Look for buying opportunities if the price reaches the support zone around 5.50 to 6.50, anticipating a potential rebound.
