Keeping a close eye on this setupđđ
You can see those long wicks to the downside getting rejected, and weâre currently seeing a strong green candle pushing back up toward 0.3310.
It looks like we might be forming a local bottom here. However, Iâm not chasing the green candle right now. Iâm waiting for a conditional entry to manage risk.
If we get that confirmed close, it breaks the immediate local resistance and confirms the short-term reversal.
· Entry: 0.3350 - 0.3380 (on the retest)
· Target 1: 0.3500
· Target 2: 0.3650
· Stop Loss: 0.3080 (Just below the recent swing low. If we lose this, the setup is invalid).
$JUP
You can see those long wicks to the downside getting rejected, and weâre currently seeing a strong green candle pushing back up toward 0.3310.
It looks like we might be forming a local bottom here. However, Iâm not chasing the green candle right now. Iâm waiting for a conditional entry to manage risk.
If we get that confirmed close, it breaks the immediate local resistance and confirms the short-term reversal.
· Entry: 0.3350 - 0.3380 (on the retest)
· Target 1: 0.3500
· Target 2: 0.3650
· Stop Loss: 0.3080 (Just below the recent swing low. If we lose this, the setup is invalid).
$JUP
