๐ $JUP โ 1H Technical Update
JUP is showing healthy bullish continuation with a controlled pullback after an impulsive move ๐
๐น Trend Structure:
Price has been forming higher highs and higher lows since the 0.206 base, confirming a short-term uptrend on the 1H timeframe.
๐น Moving Averages:
JUP is trading above MA(7), MA(25), and MA(99) โ a bullish MA alignment that supports continuation bias.
๐น Recent Price Action:
After pushing to 0.2443, price is pulling back toward 0.235, which looks like a normal retracement, not a breakdown.
๐น Key Levels to Watch:
Immediate Support: 0.232 โ 0.229 (MA7 / local structure)
Strong Support: 0.227 โ 0.222 (MA25 zone)
Resistance: 0.244 โ 0.250 psychological level
๐น Volume Insight:
Volume expanded on the breakout and cooled during the pullback โ a bullish sign, showing selling pressure is limited.
๐ก Bias:
Holding above 0.229 โ continuation toward 0.245โ0.25
Losing 0.222 โ deeper pullback possible, trend weakens
๐ Conclusion:
JUP remains bullish on the 1H, currently in a pullback phase within an uptrend. Patience around support could offer cleaner continuation setups.
โ ๏ธ Not financial advice. Trade with proper risk management.
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