JUP order book thins out. Breakout imminent?
Did you guys see the sheer amount of volume flowing through Jupiter today? JUP is catching a massive bid as Solana decentralized exchange activity hits absolute fever pitch. When an ecosystem is moving this fast, the aggregator protocols that capture all the fee volume become the highest conviction leveraged plays. The order book is looking incredibly thin on the sell side, meaning any serious market buy is going to send this flying. Do not blindly chase green candles, but definitely watch for a clean entry setup.
Not financial advice. DYOR and trade at your own risk $JUP $SOL
Did you guys see the sheer amount of volume flowing through Jupiter today? JUP is catching a massive bid as Solana decentralized exchange activity hits absolute fever pitch. When an ecosystem is moving this fast, the aggregator protocols that capture all the fee volume become the highest conviction leveraged plays. The order book is looking incredibly thin on the sell side, meaning any serious market buy is going to send this flying. Do not blindly chase green candles, but definitely watch for a clean entry setup.
Not financial advice. DYOR and trade at your own risk $JUP $SOL