📉 $JASMY Overextended? | Prepare for a Possible Pullback! ⚠️

Market Analysis:

$JASMY has been on fire today with a massive +14.32% pump! However, looking at the chart, we are now hitting a heavy resistance zone near 0.01019. The price is showing signs of exhaustion as it struggles to maintain the momentum at these yearly highs.

Why I am looking for a SELL/SHORT setup:

Resistance Rejection: The price has failed to break cleanly above the previous high of 0.010195, forming a potential "Double Top" on shorter timeframes.

Profit Taking: After such a vertical move, many traders will start locking in their gains, which usually leads to a quick correction.

Volume Climax: The massive volume spike of 13.16B JASMY often indicates a local top is near before a healthy retracement.

My Trading Setup (Short/Sell):

Entry Area: 0.09714 - 0.09850 📉

Target 1: 0.09100 (Support Level) 🎯

Target 2: 0.08575 (Major Support Zone) 🔥

Stop Loss: 0.10300 (Above the 24h high) 🛡️

Warning:

$JASMY is highly volatile. If you are going to Short, use small leverage and tight risk management. Don't fight the trend if it breaks 0.10200 with high volume!

👇 Click the jasmy tag below to secure your profits or open a SHORT position