2024-9-7 15:31 |
Crypto analyst BullishBanter shared his trading strategy for JasmyCoin (JASMY), as its price fell to $0.0174 last night before bouncing off to its current level of $0.0184. JASMY saw a 3.14% price gain and 90.34% volume increase within the last 24 hours.
The analyst defined a compelling trading strategy for both long and short positions. He noted that JasmyCoin had seen substantial gains, placing holders in an optimistic mood.
He emphasized that if Bitcoin (BTC) continues its upward momentum, JASMY could see further price increases. The post highlighted critical resistance and support levels for traders to monitor.
Read Also: Elite Crypto Trader Predicts Bitcoin Crash ‘Is Not Over’ – Is $45K Next?
JasmyCoin’s Price Action and Market PerformanceCrypto analyst @BullishBante1 shared on CoinMarketCap with his 9.3k followers his trading strategy has JASMY’s price hit a 3.14% rise in the last day.
This analysis came as JasmyCoin surged in trading volume, as evidenced by a 90.34% increase in 24-hour volume to $96.5 million.
JASMY’s rise in trading volume, coupled with a 3.14% market cap increase to $910 million, indicates investors are getting excited about this coin. When the post went out, the coin’s price was $0.01935, just shy of breaking through its key resistance level of $0.01943.
Image Source: CoinMarketCapWith 98.6% of its total supply already in circulation, JasmyCoin’s market dynamics point toward continued price action as scarcity increases.
.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} Celebrate Dogecoin and Make Big Gains with Doge2014!.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}Doge2014 raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Show less – Key Levels for Traders to WatchBullishBanter’s post provided clear technical levels for traders. He suggested that traders should keep their eyes on that $0.01943 resistance level and that if JASMY sees a potential breakout, we could see it hit $0.01960 and $0.01980.
Bullish Banter recommended that traders willing to have a long trade should consider jumping in if the price goes above the resistance level, and a stop loss should be set at $0.01887.
Image Source: CMC/BullishBanterBullish went on, advocating that those willing to have a short trade should equally consider waiting for it to drop below the $0.01765 support level, aiming for $0.01740 and $0.01720, and a stop-loss at $0.01821 should be set.
However, these strategies offer a clear game plan for traders looking to capitalize on JASMY’s recent market momentum.
Read Also: Ripple’s Political Endorsement Raises Questions About XRP’s Future
BullishBanter also mentioned in his post that Bitcoin’s price action could significantly influence JASMY’s trajectory.
The trader also mentioned that if BTC continues to pump, JASMY could smash through that $0.01943 resistance and keep on climbing.
Finally, traders are advised to keep an eye on Bitcoin’s movement closely, as it may be the key catalyst for JasmyCoin’s next major price swing.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Crypto Trader Reveals His JasmyCoin Trading Strategy as JASMY Volume Explodes appeared first on CaptainAltcoin.
Similar to Notcoin - Blum - Airdrops In 2024
ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru
|
