JASMY price action has been sideways for the last 10 days, but I see the following key points to be noted:
Yellow Bounce Zone and Support: Price is being sustained by a yellow bounce zone and 0.0046 level acting as strong support. This prevents the price from falling further and provides a solid foundation.
Descending Channel: Despite the support, Jasmy remains inside a descending channel, indicating a prevailing bearish trend.
Break of the Upper Trendline: If the price manages to break through the upper trendline of the descending channel, it could signal a potential long trade opportunity, as the breakout might lead to a trend reversal or a significant upward move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.