💹🎯 "JASMY Analysis: Heavy Drop or Buying Opportunity?" 📈💼
🕵️♂️ Let's dive into the analysis of this cryptocurrency, which operates in the Proof of Stake domain and has recently gained popularity.
🕓 In higher time frames, this coin has been in a range-bound state after reaching its lowest price of 0.003004, forming a weekly box for nearly 500 days. We've witnessed a 🚀 pump and upward movement of this coin after hitting its resistance at 0.007311.
📅 In the daily timeframe, following this upward movement, we've reached the daily resistance of 0.02448 and are currently consolidating within a range between 0.02448 and 0.017323.
📈 For opening a long position, our task is clear, as the significant daily resistance at 0.02448, after three retests, if breached, allows us to continue our long position in the direction of the trend.
🔄 Moreover, we're observing a parabolic move in this chart, which typically experiences a new price surge after touching the curve line. If this parabolic curve is broken, it may lead to a price correction or sharp decline.
📉 Regarding short positions, our support is clear, and after breaking the parabolic curve and the key support at 0.017323, we can open short positions in lower time frames.
📊 Additionally, concerning volume, a decrease in volume during green candles reduces the likelihood of resistance breaking. Conversely, if we fail to retest the upper box and are rejected from the middle line of the box with increasing volume in red candles, the chances of breaking the support line increase.
💼 Regarding spot trading, if you've held this coin since its price floor of 0.003004, you can consider selling it after breaking 0.017323 support. If the price returns upwards and breaks the 0.024489 resistance, you can repurchase this coin with fewer quantities, ensuring a logical and lower-risk approach. Also, await a new entry point after breaking the significant resistance at 0.024489.
💪 Our upcoming supports are at 0.011723, a significant Fibonacci and Dow Theory level, and our next support range is 0.007311. Furthermore, our upcoming resistances are at 0.032356 and 0.043884.
🛒 I suggest you review the project and website on CoinMarketCap before purchasing this coin. Perhaps after buying this coin, you may be able to acquire more of it.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
🕓 In higher time frames, this coin has been in a range-bound state after reaching its lowest price of 0.003004, forming a weekly box for nearly 500 days. We've witnessed a 🚀 pump and upward movement of this coin after hitting its resistance at 0.007311.
📅 In the daily timeframe, following this upward movement, we've reached the daily resistance of 0.02448 and are currently consolidating within a range between 0.02448 and 0.017323.
📈 For opening a long position, our task is clear, as the significant daily resistance at 0.02448, after three retests, if breached, allows us to continue our long position in the direction of the trend.
🔄 Moreover, we're observing a parabolic move in this chart, which typically experiences a new price surge after touching the curve line. If this parabolic curve is broken, it may lead to a price correction or sharp decline.
📉 Regarding short positions, our support is clear, and after breaking the parabolic curve and the key support at 0.017323, we can open short positions in lower time frames.
📊 Additionally, concerning volume, a decrease in volume during green candles reduces the likelihood of resistance breaking. Conversely, if we fail to retest the upper box and are rejected from the middle line of the box with increasing volume in red candles, the chances of breaking the support line increase.
💼 Regarding spot trading, if you've held this coin since its price floor of 0.003004, you can consider selling it after breaking 0.017323 support. If the price returns upwards and breaks the 0.024489 resistance, you can repurchase this coin with fewer quantities, ensuring a logical and lower-risk approach. Also, await a new entry point after breaking the significant resistance at 0.024489.
💪 Our upcoming supports are at 0.011723, a significant Fibonacci and Dow Theory level, and our next support range is 0.007311. Furthermore, our upcoming resistances are at 0.032356 and 0.043884.
🛒 I suggest you review the project and website on CoinMarketCap before purchasing this coin. Perhaps after buying this coin, you may be able to acquire more of it.
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.