$JUP Short Setup
The daily chart for Jupiter $JUP is looking heavily bearish as the price consistently breaks below major moving averages and key support levels.
📉 Entry: $0.1725 (Current Market Price)
🎯 Take Profit (TP): $0.1650
🛑 Stop Loss (SL): $0.1780
💡 Reason for Trade:
The asset is locked in a strong downward trend, trading below the MA(7), MA(25), and MA(99). Recent long-wick rejection candles confirm strong selling pressure at the top, showing that bears are firmly in control. Expecting continuation toward lower liquidity zones.
#JUP #CryptoTrading #TradingSignals #defi
The daily chart for Jupiter $JUP is looking heavily bearish as the price consistently breaks below major moving averages and key support levels.
📉 Entry: $0.1725 (Current Market Price)
🎯 Take Profit (TP): $0.1650
🛑 Stop Loss (SL): $0.1780
💡 Reason for Trade:
The asset is locked in a strong downward trend, trading below the MA(7), MA(25), and MA(99). Recent long-wick rejection candles confirm strong selling pressure at the top, showing that bears are firmly in control. Expecting continuation toward lower liquidity zones.
#JUP #CryptoTrading #TradingSignals #defi