⚠️ Alert $JUP - Watch out for the risks.
JUP is showing signs of being overbought and an excess of long positions. In an unfavorable macroeconomic environment (strong risk-off sentiment and a falling Nasdaq), with SOL also declining, JUP’s apparent resilience should not be interpreted as relative strength.
In fact, this artificial price support in a selling market may precede a sharp correction (flush). Stay alert and manage your risks.
Nfa.
Dyor.
$SOL 📉⬇️
$AAVE 📉⬇️
JUP is showing signs of being overbought and an excess of long positions. In an unfavorable macroeconomic environment (strong risk-off sentiment and a falling Nasdaq), with SOL also declining, JUP’s apparent resilience should not be interpreted as relative strength.
In fact, this artificial price support in a selling market may precede a sharp correction (flush). Stay alert and manage your risks.
Nfa.
Dyor.
$SOL 📉⬇️
$AAVE 📉⬇️