$JUP Can I short now?

Today it’s up by 12 points, and the price is at 0.2477. It looks pretty strong, but there are a few things that make me feel uneasy:

1. It’s rising too fast. The KDJ indicator’s J value has already surged to 102. Based on past experience, at this kind of level it usually pulls back.
2. The price has already run outside the upper band of the Bollinger Bands. The upper band is only 0.2234, but now it’s jumping to 0.2477—too far away. Usually it gets pulled back.
3. Over the last 30 days it’s up 37%, but if you stretch it to 180 days, it’s still down 30%. It looks more like a rebound than a reversal, and there are plenty of positions overhead.
4. The key level is at 0.2386. If this support breaks, it will most likely move toward around 0.2220.

If you want to try a short position:

· Entry can be considered between 0.2450 and 0.2500
· First target 0.2380, second target 0.2220
· Set the stop loss at 0.2580. If it breaks above that, just admit defeat and get out.

But the bullish sentiment hasn’t fully faded yet—just trade with a small position. Add a stop loss and you’ll be fine.

$JUP ‌