$JUP


Market Structure & Context:
• Price is in an uptrend after a strong recovery from recent lows.
• A demand zone around 0.50 - 0.505 remains untested, signaling potential liquidity resting there.
• Current price action is showing bullish momentum but may need a retracement before continuation.
Trading Plan:
🔹 Entry:
• Look for a long position around the 0.50 - 0.505 demand zone.
• Wait for bullish confirmations (wick rejections, bullish engulfing, or SFP).
🔹 Stop-Loss:
• Below 0.495 to avoid getting wicked out.
🔹 Take-Profit Levels:
• TP1: 0.55 (previous resistance)
• TP2: 0.58 - 0.60 (continuation of the uptrend)
🔹 Invalidation:
• If price closes convincingly below 0.495, the demand zone is invalidated, and a deeper retrace is likely.
This is a high-R setup if executed correctly—patience is key.
JUP-5,2%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin