【$JUP Signal】No Position - Waiting for Key Support Confirmation

$JUP Continued downward movement below EMA20, testing previous low support area. The market shows a decline with no resistance, but the depth imbalance indicates accumulation of buy orders below, and bearish momentum is weakening.

🎯Direction: No Position

Price has broken below EMA20 (0.1565) and remains under pressure, with four-hour candles closing bearish consecutively. However, RSI (31.17) has entered oversold territory, and order book depth shows buy orders (Bids) significantly thicker than sell orders (Asks), with an imbalance rate of 18.39%, indicating substantial potential buy support in the 0.1440-0.1450 range.

Current open interest (OI) remains stable, and the funding rate is negative (-0.0064%), ruling out the possibility of large-scale long liquidation by major players, suggesting the decline is driven by inertia from the bears. The price is approaching the liquidity pool formed near the daily low (around 0.1444), a critical level for bulls and bears.

Strategy: Avoid shorting in the deep support zone. Wait for two signals: 1. The price shows a clear 4H bullish engulfing or Pin Bar in the 0.1440-0.1450 area, with a rebound in buy order ratio, then consider a small long position on the left side. 2. If the price drops sharply below 0.1440 with increasing OI, the decline may continue, and it’s better to stay in cash and observe. The key risk management point is to avoid being squeezed when shorting in the deep buy zone. Currently, the risk-reward ratio is unclear, so staying in cash is the best choice.

Trade 👇 $JUP

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