JUP STALLS AT RESISTANCE: Wait or Watch? 🤔

$JUP recently faced resistance at $1.14-$1.22 and is now drifting towards its support zone of $0.835-$0.895. This indicates a potential period of consolidation or a possible price correction.📉

Here's what to watch:👀

Price Action: If #JUP bounces off the support zone, a potential trend reversal could be in sight. A break below support could signal further decline.

#Trading Volume: Low volume during consolidation suggests indecision. High volume on a breakout or breakdown confirms a stronger move.

News and Events: Keep an eye on any upcoming news or developments related to #Jupiter or the broader crypto market. These can significantly impact price movement.

What's Your opinion on JUP ??

JUP AT A CROSSROADS⚔️: Bull vs. Bear Battle at Resistance Level 🥊

#JUP is facing a critical test at its current resistance zone ($1.12-$1.20). A price rejection here could trigger a pullback towards the support area ($0.833-$0.895).📉

Here's what to watch:👀

Bull Case: A clean break of $JUP above resistance could signal further #Bullish momentum.

Bear Case: A rejection and price drop towards support suggests selling pressure.🔻

What to Consider:📈

Technical indicators: Analyze indicators like RSI or MACD to gauge momentum and potential reversal signals.

Market sentiment: Watch for broader crypto market trends that might impact JUP's price.

Trading Strategy for #JUPITER (Not financial advice):

Conservative: Wait for a confirmed price breakout above resistance before entering a long position.🟩

Active Traders: Consider placing buy orders near the support area if the price gets rejected at resistance, but remember this involves risk.⚠️

What are your thoughts on JUP??