JUP is trending, and I’m cautiously bullish on the short-term setup—the whole DeFi group is up tonight. This isn’t a one-coin rally.
Compare that with when I wrote about UNI this afternoon: AERO and ENA were up, while AAVE and LINK were down. Now the whole group is in the green, with ENA leading and JUP up more than 10%—money is flowing back into DeFi from the assorted altcoin table.
JUP has also built up quite a bit over the past 60 days. The golden cross has just formed, and it’s grinding near the intraday high—this is an ideal setup; a pullback is a chance to get in.
As always, I won’t chase: I’ll buy the pullback and only talk about further upside once it holds.
My rules: I’ll scale in on a pullback as long as it holds the 0.3583 seven-day moving average; if it breaks, I’ll stay away for now. Once it holds above the daily high, resistance is at 0.3881. We can talk about further upside if it breaks through on strong volume.
0.35056 is the emotional floor for this move. If it breaks, the golden cross is invalidated.
With DeFi broadly up, are you positioning ahead of the leaders or waiting for laggards like UNI? Comment 1 for positioning ahead of the leaders; comment 2$JUP $ENA $AAVE #DeFi for waiting on laggards. #MarketAnalysis
Compare that with when I wrote about UNI this afternoon: AERO and ENA were up, while AAVE and LINK were down. Now the whole group is in the green, with ENA leading and JUP up more than 10%—money is flowing back into DeFi from the assorted altcoin table.
JUP has also built up quite a bit over the past 60 days. The golden cross has just formed, and it’s grinding near the intraday high—this is an ideal setup; a pullback is a chance to get in.
As always, I won’t chase: I’ll buy the pullback and only talk about further upside once it holds.
My rules: I’ll scale in on a pullback as long as it holds the 0.3583 seven-day moving average; if it breaks, I’ll stay away for now. Once it holds above the daily high, resistance is at 0.3881. We can talk about further upside if it breaks through on strong volume.
0.35056 is the emotional floor for this move. If it breaks, the golden cross is invalidated.
With DeFi broadly up, are you positioning ahead of the leaders or waiting for laggards like UNI? Comment 1 for positioning ahead of the leaders; comment 2$JUP $ENA $AAVE #DeFi for waiting on laggards. #MarketAnalysis