$JUP Update 1H Chart
Our bearish scenario played out as expected.
JUP broke below the rising channel support and selling pressure pushed the price down to $0.2505. The breakdown confirms the weakness we were watching in the previous analysis.
Now the $0.2500 area is an important level to watch. If sellers maintain control, the next downside area could be around $0.2450.
A recovery back above the broken channel could weaken the bearish setup. For now, the price action is moving in the direction we anticipated.
#JUP
Our bearish scenario played out as expected.
JUP broke below the rising channel support and selling pressure pushed the price down to $0.2505. The breakdown confirms the weakness we were watching in the previous analysis.
Now the $0.2500 area is an important level to watch. If sellers maintain control, the next downside area could be around $0.2450.
A recovery back above the broken channel could weaken the bearish setup. For now, the price action is moving in the direction we anticipated.
#JUP
