$JUP 12🄷 🄱🅁🄴🄰🄺🄳🄾🅆🄽: 🄱🄴🄰🅁🄸🅂🄷 🄿🅁🄴🅂🅂🅄🅁🄴 🅂🅃🄸🄻🄻 🄳🄾🄼🄸🄽🄰🅃🄴🅂
$JUP remains under pressure on the 12H chart, with downside liquidity around 0.1608 and 0.1530 still in focus before a meaningful reversal could develop.
I would avoid rushing into longs. A safer setup would be a liquidity sweep followed by strong bullish confirmation, such as a pin bar, bullish engulfing candle, or a clear 1H market structure shift with higher lows.
If price rebounds into 0.1789–0.1862 and gets rejected, this zone could offer a potential short opportunity with confirmation from bearish candles or a 15M/1H breakdown.
A sustained close above 0.1887 would invalidate the bearish structure and open the door for a potential bullish reversal.
Until then, the path of least resistance remains DOWN. Wait for confirmation and never try to catch a falling knife.
#JUP #Jupiter #CryptoTrading #Altcoins #Binance $JUP
$JUP remains under pressure on the 12H chart, with downside liquidity around 0.1608 and 0.1530 still in focus before a meaningful reversal could develop.
I would avoid rushing into longs. A safer setup would be a liquidity sweep followed by strong bullish confirmation, such as a pin bar, bullish engulfing candle, or a clear 1H market structure shift with higher lows.
If price rebounds into 0.1789–0.1862 and gets rejected, this zone could offer a potential short opportunity with confirmation from bearish candles or a 15M/1H breakdown.
A sustained close above 0.1887 would invalidate the bearish structure and open the door for a potential bullish reversal.
Until then, the path of least resistance remains DOWN. Wait for confirmation and never try to catch a falling knife.
#JUP #Jupiter #CryptoTrading #Altcoins #Binance $JUP