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In this analysis, I want to review the JUP coin for you. It’s one of the projects in the Solana ecosystem, currently ranked 59 on CoinMarketCap with a market cap of $1.65 billion.
📅 Daily Timeframe
On the daily timeframe, this coin is currently sitting below a very important resistance zone at 0.6312. This is a strong resistance area and serves as the main trigger for a trend reversal in this coin.
✔️ The main support floor for JUP is located at 0.3409, a level price has tested twice before. Now it has returned to 0.6312, and we can see increased market volume at this level, which indicates tension between buyers and sellers.
✨ A breakout of 0.6312 would be a good trigger for a long position, and I plan to open a long if this level breaks. This could potentially be a long-term position with a high risk-to-reward ratio.
🔔 The next major resistance zones are at 0.7858 and 1.1435, which we can use as targets for this position.
🔽 If the price gets rejected from the top and moves down, breaking 0.4186 and 0.3409, we can look to open a short position.
🧩 The break of 0.3409 would confirm the start of a downtrend, and it's one of the key zones where I’ll definitely look to hold a short position if it breaks.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I want to review the JUP coin for you. It’s one of the projects in the Solana ecosystem, currently ranked 59 on CoinMarketCap with a market cap of $1.65 billion.
📅 Daily Timeframe
On the daily timeframe, this coin is currently sitting below a very important resistance zone at 0.6312. This is a strong resistance area and serves as the main trigger for a trend reversal in this coin.
✔️ The main support floor for JUP is located at 0.3409, a level price has tested twice before. Now it has returned to 0.6312, and we can see increased market volume at this level, which indicates tension between buyers and sellers.
✨ A breakout of 0.6312 would be a good trigger for a long position, and I plan to open a long if this level breaks. This could potentially be a long-term position with a high risk-to-reward ratio.
🔔 The next major resistance zones are at 0.7858 and 1.1435, which we can use as targets for this position.
🔽 If the price gets rejected from the top and moves down, breaking 0.4186 and 0.3409, we can look to open a short position.
🧩 The break of 0.3409 would confirm the start of a downtrend, and it's one of the key zones where I’ll definitely look to hold a short position if it breaks.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
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.