JUP - Trade Setup

Here we are seeing a short term trade setup form for JUP. On the 2H chart we have seen price heavily defended at the $0.78 level with three seperate wicks.

This has created what are known as tweezer bottoms. Of course, its on a lower timeframe, but with a bullish divergence forming on our RSI as well seems like a great trade setup.

On the other hand if we break the $0.78 liquidity zone we could see price fall back to the green line.
Trend Analysis

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Haftungsausschluss