💭 Thoughts on JUP: Where is the bottom?
I look at the Jupiter chart and see a classic manipulation. We are stuck at $0.1981, but entering from the current levels means feeding the market with our stop losses.
The chart literally screams: "First down!" There is a magnet below — the level of $0.1900. Until we break it, I do not expect any significant growth.
My option: Sweep the minimum - build a position with large volumes - flight to $0.2350 and $0.2700.
Be ready to take profits at $0.2700. This is a strong seller's zone, and breaking it on the first attempt will be difficult.
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JUPUSDT
Perp
0.1844
-4.20%