Oct 11, 02:00 — $JUP just cracked out of its two-day range, and it's the sellers running the show.
The backstory: Oct 8 saw $JUP rip from $0.31 to $0.39, then price spent two full days pinned between $0.362 and $0.386. Every push at $0.3848 got swatted down with a long upper wick. Classic buyer exhaustion after a vertical move.
The latest two 2h candles finally slipped under the shelf near $0.362 — a bear-flag breakdown with roughly 1:3.33 risk-reward. The math: entry $0.3628, stop above the supply zone at $0.3848, first target $0.3354 (the Oct 6 platform), stretch target $0.2896.
The tape agrees: only 36.7% taker buying inside the breakdown candle. Sellers owned the order book.
One honest caveat: volume on the break was thin. This reads like a slow squeeze, not panic dumping. If a 2h candle reclaims $0.365, the idea is dead — no averaging down into it.
Not financial advice.
#JUP #Altcoins #CryptoTrading #PriceAction #Binance
The backstory: Oct 8 saw $JUP rip from $0.31 to $0.39, then price spent two full days pinned between $0.362 and $0.386. Every push at $0.3848 got swatted down with a long upper wick. Classic buyer exhaustion after a vertical move.
The latest two 2h candles finally slipped under the shelf near $0.362 — a bear-flag breakdown with roughly 1:3.33 risk-reward. The math: entry $0.3628, stop above the supply zone at $0.3848, first target $0.3354 (the Oct 6 platform), stretch target $0.2896.
The tape agrees: only 36.7% taker buying inside the breakdown candle. Sellers owned the order book.
One honest caveat: volume on the break was thin. This reads like a slow squeeze, not panic dumping. If a 2h candle reclaims $0.365, the idea is dead — no averaging down into it.
Not financial advice.
#JUP #Altcoins #CryptoTrading #PriceAction #Binance