đ $JUP is showing a potential technical setup!
JUP is breaking out of a multi-month accumulation structure on the high-timeframe monthly chart.
đ The Technical Setup:
âą The Pattern: Consolidation Wedge Breakout
âą Short-term Target: $1.17
âą Macro Objective: $1.31
âą Market Structure: Post-accumulation breakout
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: $0.15 - $0.20
âą Resistance: $0.377 - $0.436
âą Breakout Level: $0.3014
âą Stop Loss / Invalidation: $0.1500
đ Confirmation:
âą Volume: Neutral/standard monthly volume
âą Momentum: Strong monthly bullish candle breakout above local resistance
âą Trend: Transitioning from bearish accumulation to bullish reversal
â ïž Invalidation:
A monthly candle close below the $0.1500 support level would invalidate this setup.
The monthly chart indicates JUP is transitioning out of a major accumulation phase, with confirmation of the breakout potentially initiating a macro uptrend.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#JUP #crypto #BinanceSquare #tradingview #TechnicalAnalysis
JUP is breaking out of a multi-month accumulation structure on the high-timeframe monthly chart.
đ The Technical Setup:
âą The Pattern: Consolidation Wedge Breakout
âą Short-term Target: $1.17
âą Macro Objective: $1.31
âą Market Structure: Post-accumulation breakout
đŻ Key Levels to Watch:
âą Support / Accumulation Zone: $0.15 - $0.20
âą Resistance: $0.377 - $0.436
âą Breakout Level: $0.3014
âą Stop Loss / Invalidation: $0.1500
đ Confirmation:
âą Volume: Neutral/standard monthly volume
âą Momentum: Strong monthly bullish candle breakout above local resistance
âą Trend: Transitioning from bearish accumulation to bullish reversal
â ïž Invalidation:
A monthly candle close below the $0.1500 support level would invalidate this setup.
The monthly chart indicates JUP is transitioning out of a major accumulation phase, with confirmation of the breakout potentially initiating a macro uptrend.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#JUP #crypto #BinanceSquare #tradingview #TechnicalAnalysis
