✴️ JasmyCoin Update by Request (350% Profits Potential)

10 Jan 2023

I see your interest in this altcoin pair and acknowledge it, so here is the update as requested.

We look at the chart fresh/new, even though the last trade idea was good.

We have the major downtrend taking place for JasmyCoin (JASMYUSDT) since November 2021, here we are looking at it since March 2022.

Since March 2022 a long-term bullish divergence has been building up on the RSI.

A stronger bullish divergence came in again from October 2022 vs the current December 2022 low.

JASMYUSDT hit a strong lower low between these two dates while the RSI hit a strong higher low.

So the yellow cup on the chart is the 'liquidity hunt'/stop-loss hunt move by the market.

A new low is hit but prices quickly recover and this is marked with a bullish divergence on the RSI, which confirms that JasmyCoin is not due to go lower but instead the market was looking for needed liquidity.

Now that this has been taken care of, the trend can change... Or so the signals are saying.

We have a very strong RSI at 60.
A strong RSI near support/low prices is a heavy signal, it is worth a lot.

JASMYUSDT is also now trading above EMA50, another very strong signal.

And the major down-trendline here marked as a falling wedge pattern has also been broken.

All this opens the door to higher prices.
Knowing this, reading these signals one would be tempted to take action.

Here is how a professional or experienced trader would go about using this information:

1) Buy with a bullish bias (anticipating prices will grow).
The targets are on the chart, if it grows then sell according to his/her own system/strategy.

2) Control risk/define risk.
A short-term stop-loss can be used around 0.00335.
 (If prices move and close below this level, close the trade).
A stronger stop-loss can be used around 0.00273. 
(If prices move and close below this level, close the trade).

This experienced trader did the job.

He bought with the right signals and defined his risk in case things go wrong.

If there is a bullish follow up, then we are green and the rest is to enjoy the ride on the way up.

This is not financial advise.
I am sharing my experience, views and opinion.. Initial, I was just reading the chart.

Thank you for your continued support.

Namaste.