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JUPUSDT trade ideas

JUP - Jupiter in DANGER after Airdrop Criticism ❗📉Hi Traders, Investors and Speculators of Charts📈 Because Jupiter is newly released, we're currently seeing that first hard initial dump. This is mostly airdrop holders dumping and traders shorting on the way down. And unfortunately in the short term timeframe, there isn't sufficient buying pressure showing up to outweigh the enormous selling pressure: Being unable to close ABOVE resistance after that low wick indicates heavy selling pressure and insufficient buying pressure, short term. Another scary development is criticism from the community about the airdrop. According to a few news outlets, users are concerned that Jupiter is using this open market opportunity to raise funds without users being “completely aware” this was the case. A key issue raised is about the Jupiter team’s method of offering JUP on the open market. Users are claiming this is basically to raise funds from the open market and according to critics, this detail was not clearly communicated to those participating, leading to discussions about the level of transparency and the degree to which buyers were making informed decisions. The Jupiter team has been very active on X and quickly responded to concerns. Meow, the founder of Jupiter, wrote in an X post that the team would have received more funds had they opted for an over-the-counter deal or a regular initial DEX offering. According to the team, the reason they had launched their token in the way they did was to ensure that airdrop recipients would be able to sell into a massive pool, while prospective buyers would have the assurance that there would be a big enough pool to absorb selling pressure from airdrops. We have gathered just enough data from the exchanges to form a 200d moving averages in the 1h. Naturally, to even begin to consider a trend reversal, we would need to see price action ABOVE all the moving averages in the 1h: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck KUCOIN:JUPUSDT
Short
by CryptoCheck-
🚀Jupiter(JUP) is Ready to Go UP🚀🔥Today, I want to analyze the Jupiter(JUP) project for you; this is one of the trending projects and has recently been listed in the exchanges. 📚What Is Jupiter(JUP)❗️❓ As one of the industry's most advanced swap aggregation engines, Jupiter excels in delivering essential liquidity infrastructure for the Solana ecosystem. Moreover, Jupiter is actively expanding its DeFi product offerings, featuring a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading. 🏃‍♂️ Jupiter(JUP) is moving near 🟡 Potential Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🌊According to the theory of Elliott waves , Jupiter(JUP) seems to have succeeded in forming a corrective Leading Diagonal . 📚From the point of view of Classical Technical Analysis, the Leading Diagonal is the Falling Wedge Pattern . 🔔I expect Jupiter(JUP) to rise to at least the 🔴 Resistance zone($0.57-$0.55) 🔴 after breaking the upper line of the Leading Diagonal . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Jupiter Analyze (JUPUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
22
JUP Bullish Surge: Your Golden Opportunity to Buy**Fundamental Analysis:** * **Project:** Jupiter is a decentralized trading aggregator built on the Solana blockchain. It aims to find the best execution prices for users across various DeFi exchanges. * **Token:** JUP is the native token of the Jupiter protocol. It serves as a governance token, allowing holders to vote on protocol proposals and participate in decision-making. * **Tokenomics:** JUP has a total supply of 1.35 billion tokens, with approximately 40% distributed through an airdrop in January 2024. * **Partnerships:** Jupiter has partnered with several DeFi protocols and wallets, including Serum, Raydium, and Phantom. **Recent News (as of October 26, 2023):** * **Jupiter airdrop:** The highly anticipated JUP airdrop took place in late January 2024, distributing tokens to almost 1 million Solana wallets. * **Price volatility:** JUP's price has experienced significant volatility since the airdrop, reaching an all-time high of $2.04 in January 2024 before experiencing a correction. * **Growing user base:** Jupiter has seen a steady increase in active users, likely driven by the airdrop and growing interest in DeFi. **Important Disclaimer:** I am not a financial advisor and this information should not be considered financial advice. Please do your own research before making any investment decisions. Cryptocurrency investing is inherently risky and can lead to significant losses. **Additional Notes:** * JUP's current price is around $0.007, significantly lower than its all-time high. * The project is still relatively new and undergoing development. * It's crucial to understand the risks associated with cryptocurrency investing before considering JUP. I hope this information is helpful, and I encourage you to conduct your own research and seek professional financial advice before making any investment decisions.
Long
by MoonTradingForecast