JUP Looks Bullish (4H)

May 20

From the point where we placed the green arrow on the chart, it appears that the bullish phase of JUP has started in a swing structure.

This phase is a diagonal (Diametric), and it currently seems that wave G is forming. This wave is a bullish wave.

As long as the green box is maintained, the price can move toward the red box.

The closing of a daily candle below the invalidation level will invalidate this analysis.
invalidation level: 0.4322

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

May 22

Trade closed: target reached

This outlook on JUP was accurate. It reached the supply zone. The analysis started at the price of 0.5045, and it has pumped over 8% so far.