$JUP Short-Term Correction After Bullish Peak
Jupiter (JUP) is entering a bearish retest phase after facing a strong rejection at the $0.2597 local high. Following a massive +19.60% rally, the price is now printing lower highs as momentum shifts toward a necessary correction.
As long as the price stays below the $0.2500 psychological barrier, the trend favors a pullback toward the $0.2350 and $0.2280 support levels. Traders should look for entry opportunities in the $0.2450 – $0.2490 zone with a stop loss placed above $0.2630.
Selling pressure is increasing as early buyers take profits, making a retest of the previous breakout base highly probable. Stay patient and wait for confirmed breakdowns before opening aggressive positions.
$JUP
Jupiter (JUP) is entering a bearish retest phase after facing a strong rejection at the $0.2597 local high. Following a massive +19.60% rally, the price is now printing lower highs as momentum shifts toward a necessary correction.
As long as the price stays below the $0.2500 psychological barrier, the trend favors a pullback toward the $0.2350 and $0.2280 support levels. Traders should look for entry opportunities in the $0.2450 – $0.2490 zone with a stop loss placed above $0.2630.
Selling pressure is increasing as early buyers take profits, making a retest of the previous breakout base highly probable. Stay patient and wait for confirmed breakdowns before opening aggressive positions.
$JUP