JASMY at a Crossroads: Breakout or Deeper Drop?

Jan 29

Yello, Paradisers! JASMY remains in a bullish market structure on the higher timeframe, but the question is—will the current retracement lead to a breakout or a deeper correction?

💎Right now, JASMYUSDT is retracing into a crucial support zone. If the price breaks above the resistance trendline with strong volume and confirms a bullish I-CHoCH on lower timeframes, it would significantly increase the probability of an upward move. However, patience is key—confirmation is crucial before entering a trade.

💎If the retracement deepens or panic selling kicks in, we’ll be watching the next strong support zone. A bounce from there is possible after taking inducement, but confirmation will still be necessary—look for a bullish I-CHoCH on lower timeframes or classic reversal patterns like a W pattern or inverse head & shoulders.

💎However, if the price breaks below the strong support zone and closes candle below it, our bullish scenario becomes invalid. In that case, it’s best to step back and wait for a stronger price action setup before making any moves.

🎖The key here is discipline and patience. Don't chase trades—wait for high-probability setups and let the market come to you. This is the only way to stay consistently profitable in the long run.

MyCryptoParadise
iFeel the success🌴

Feb 1

Trade closed: target reached

💎We are securing a small portion of our #JASMYUSDT position here after reaching gains of 29.57%. At the same time, we are moving the stop-loss to breakeven to protect the remaining position and ensure a risk-free trade.