Title: $JST (JUST) Analysis: Bullish Rebound or Sell Trap? šš Watch the Breakout! š
JST is showing a strong recovery on the 4-hour chart after bouncing from the $0.0385 support zone. We see a solid bullish engulfing candle, indicating that buyers are stepping in. However, the order book is showing significant sell pressure! ā ļøš”ļø
Technical Insights:
ā Strong Rejection: The $0.0385 level has successfully rejected lower prices, forming a local bottom.
š Resistance to Watch: $0.0410 is the immediate hurdle. A clean 4H candle close above this level is needed to overcome the high sell pressure.
ā ļø Order Book Note: Sellers are currently dominating (77%). We need a volume spike to break these sell walls!
šÆ Trade Setup:
š¢ Entry Zone: Buy ONLY if it stays above $0.0410
šÆ Target 1: $0.0425
šÆ Target 2: $0.0447 (Previous High)
šÆ Target 3: $0.0480+
š Stop Loss: $0.0380 (Strictly follow for safety)
The bulls are fighting, but the resistance is heavy. Trade carefully! š”ļøšš„
#JST #JustToken #DeFi #TechnicalAnalysis #TradeSignal #BinanceSquare
