📉$JD Market Structure Update
$JD remains in a clear downtrend, consistently respecting the descending resistance (defending trendline) and pushing toward its strong demand/support zone.I’m trading the downtrend continuation on this move.
Trade Setup (Short):
Entry: $27.25
Stop Loss: $28.15
Take Profit: $25.00
This aligns with the prevailing bearish structure and momentum.
🟢 Next Plan:
When price reaches the strong support region, I’ll be watching closely for reversal confirmation to enter a buy (long) position, aiming to trade the reaction from demand.
⚠️ Disclaimer:
This is not financial advice. Always do your own research and manage risk properly.
This stock is not trading on Binance but you can still make use of the signal, follow me for more because I will be dropping $TAO
analysis soon #OpenClawFounderJoinsOpenAI