JASMYUSDT trade ideas
JASMY PUMP INCOMING???Few days ago I posted this about jasmy and said how I will wait for it to come in demand zone . So it came in demand zone now and now its time for it to make even neew highs.
Long/ buy is very good now.
There is not anything complicated about it, jasmy broke strucutre on 1d and now it came bakc to demand zone that caused it .
New highs are about to be made !!!
sl below demand zone!!!
NOT FINANCIAL ADVICE,JUST SHARING MY OPINION!!!
JASMY/USDTJASMY/USDT (1-3x)
Direction: LONG📈
Mid term gem that has now reached new All Time Lows and is showing signs of accumulation breakout in the next few weeks😘
ENTRY: 0.0175 - 0.202
TARGETS
Short Term: 0.0216 - 0.0224 - 0.0232 - 0.0245 - 0.026 - 0.028
Mid Term: 0.032 - 0.036 - 0.042 - 0.048 - 0.058 - 0.070
STOP LOSS: 0.0147
JASMY Long OpportunityAfter bottoming out on March 8th, JASMY finally showed signs of life and began a rebound.
JASMY continued to complete a five wave cycle reaching a new local high on March 23rd
Price bounced off the .618 fib level at 0.0172 on April 15th, formed a double bottom on April 17th (4H chart) and bounced to the .382 Fib level where price formed a new local high on April 24th
Price has retraced and is now consolidating above the.618 fib at 0.0204 (4H chart) and has formed a double bottom
-If this level holds, we can look for JASMY to head back to the April 24th high of 0.025 and the previous March 23rd high.
-If the .618 fib level breaks then expect price to head back to 0.017
-I'm expecting the .618 fib level to hold due to the following:
-Numerous Positive Divergences on the 1H chart: Hist, RSI, Stoch, MOM, MFI, ADP
-MACD is positive, increasing ADP level as the selling pressure has decreased
JASMY: Where we need to beThis is a neutral TA overviewing JASMY, and the two major trends of resistance that we are going to be hitting on our way back up and out.
MOST IMPORTANTLY: keep a very sharp eye out as soon as JASMY climbs over the last resistance trend line that I've labeled in *green*
As soon as we see a climb over the threshold, I believe all bets are going to be off-- and we could see a parabolic rise for JASMY once again!
(...now let's see if BTC and the rest of the world fiat markets have us all contemplating the top floor balcony this week...) 🙄
♠️🐿🤫
EDIT: I should have placed one more slightly fainter negative trend line in parallel, coming from our high point on the 24th. May have some resistance there as well.