AI Analysis: $JASMY/USDT

Entry Price: 0.00691

Target Price:

- TP1: 0.00750

- TP2: 0.00780

- TP3: 0.00850 (Strong Resistance Area)

Stop Loss Price: Below 0.00654

Reasons for Buying:

1. Pattern Confirmation:

- 3-hour level forms a 'Double Bottom' reversal structure (Neckline at 0.00750), bottom depth 0.00096 (0.00654-0.00750)

- Measured price increase = bottom depth × 1.618 = 0.00155 → Target Price 3 = 0.00654 + 0.00155 = 0.00809 (actual integer 0.00850)

2. Trend Structure:

- Daily level breaks short-term downtrend line (0.00850→0.00780 line), price above MA(50) 0.00715

- RSI(14) = 68 (overbought but strong), MACD red bars expanding shows bullish strength

3. Market Sentiment:

- 0.00660–0.00654 area shows 'Panic Selling - Stepwise Support' volume-price combination

- Continuous 5-day closing price stabilizes at 0.00704 (previous low support + Fibonacci 50% retracement level)

4. Indicator Verification:

- OBV indicator reaches a new high for 2024, showing capital inflow

- Funding rate +0.225% (positive for 8 consecutive days), futures open interest exceeds $320 million

- On-chain data: Exchange net flow -120 million, whale holdings increase by 42%

Key Observations:

1. Support Overlap: 0.00654 stop loss corresponds to December 2024 low and Fibonacci 61.8% retracement level

2. Volatility Expansion: Bollinger Bands widen to 6.2% (highest in nearly 30 days), breakout direction may bring 15%+ single-day volatility

3. Long-term Resistance: 0.00850 area is the 2023 high + Fibonacci 161.8% extension, constituting strong pressure

Trading Logic:

- Building Positions in Batches:

- First Position: 0.00704 (current price + Fibonacci support)

- Additional Position: 0.00720 (MA50)

- Breakout Confirmation: Closing price stabilizes at 0.00750 and volume expands to 1.8 times the 5-day average volume

- Target Progression:

- 0.00750 (Neckline): Take 30% profit

- 0.00780 (historical peak): Reduce position by 50%

- 0.00850 (strong resistance area): Observe the effectiveness of the remaining position for breakout

Risk Warning:

- If the price falls below 0.00654, be cautious of double top failure risk

- The 0.00850 area has strong resistance, monitor volume-price alignment

This content is for reference only and does not constitute investment advice.