JUPUSDT
Perp
0.2031
-5.84%
Hello friends,
The price is currently moving within a descending wedge structure on the 4-hour timeframe. The market is approaching a key support area at 0.214 – 0.224, where a pocket of comfort liquidity remains below the recent lows.
I expect the price to sweep this secondary liquidity and settle in the main support area, and it may form a bullish reaction. If the rebound is confirmed with a break of the wedge structure and strong momentum, the next upward targets are at the main resistance area 0.32 – 0.34, which aligns with the previous supply and structural imbalance.
These scenarios will become invalid if the price closes consistently below the support area 0.214.