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JASMY: Pattern Breakout Confirmed – Opportunity to Continue Shorting Towards the Round Number Zone
Right in line with the analysis from three weeks ago, JASMY is moving precisely according to the expected bearish wave. Although the current decline has only reached about 10%, the technical chart structure shows that selling pressure still completely dominates, creating an opportunity to establish further Short positions for patient traders.
Observing the chart , we can clearly see that the previous long-term downtrend pushed the market into a sideways triangle accumulation pattern. The confirmation signal appeared when the bears successfully forced the price below the lower boundary of this pattern. Following the drop, the market made a technical recovery attempt to retest the MA100 moving average line. However, the buyers completely failed to push the price above this barrier.
Furthermore, the fact that the price has consecutively closed below the critical psychological round number of $0.005 for multiple days is clear evidence that demand here is completely exhausted. The feasible target for this downward leg will be towards the deeper round number zone at $0.001. Although entering a trade at this spot requires a slightly wider stop-loss to ensure safety, the overall bearish structure remains highly sustainable.
Disclaimer: This is not investment advice, DYOR. #GateCompletesDividendDistribution #StrategyBuybackSurges12%