$JUP /USDT TECHNICAL ANALYSIS: BEARISH MARKET OUTLOOK

📉 Current Price: $0.4279

🔻 24h Low: $0.4239

🔺 24h High: $0.4892

Key Levels:

🔴 Resistance: $0.4892

🟢 Support: $0.4239

Market Outlook:

The $JUP /USDT pair is showing a bearish trend, with consistent declines in the past week and month. The price is testing key support at $0.4239. A break below this level could lead to further downside potential, while resistance at $0.4892 might act as a reversal zone.

Trade Setup:

Short Entry: Enter below $0.4230

Take Profit (TP): $0.3947

Stop Loss (SL): $0.4390

Risk Management:

Use proper risk management by risking no more than 2% of your trading capital per trade. Stay vigilant and adjust accordingly.

Happy trading! 📉

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JUPUSDT

Perp

0.1988

-6.27%