I was actually waiting for this drop to retest the support after the breakout in the morning. So, added the long.
From TA perspective
• Reclaimed the Key S/R level at $0.516 as support. Currently, • Flipped 2h 100-period S&R ribbon as support.
Currently, the price is trying to flip the downtrend after the breakout earlier. At the same time, the price is retesting the $0.516 level as support to confirm the reclaim.
If we stay above this box for the next 12 hours, this would confirm the flip and shift the market structure to bullish.
SL below the recent low. Dotted lines as TPs. And, not risking big amount.
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I was actually waiting for this drop to retest the support after the breakout in the morning. So, added the long.
From TA perspective
• Reclaimed the Key S/R level at $0.516 as support. Currently,
• Flipped 2h 100-period S&R ribbon as support.
Currently, the price is trying to flip the downtrend after the breakout earlier. At the same time, the price is retesting the $0.516 level as support to confirm the reclaim.
If we stay above this box for the next 12 hours, this would confirm the flip and shift the market structure to bullish.
SL below the recent low. Dotted lines as TPs. And, not risking big amount.
Let's see.
#JUP JUPUSDT