JASMY is still trading inside a clean macro downtrend channel on the weekly. At this point, I’m not trying to predict the exact bottom — I’m waiting for the sequence that usually precedes a real shift in momentum.
My most likely scenario
1. One more dip into the lower channel boundary (demand + dynamic support)
2. Strong defense (long wicks / rejection, weekly close reclaiming the level)
3. Break above the channel as confirmation (ideally followed by a retest)
I’m not interested in being first. I’m interested in being right — letting price prove it’s done bleeding before the breakout.
Key levels I’m watching
• Lower channel / demand: ~0.0050–0.0048
• Invalidation: clean loss below that zone → opens the door to ~0.0035–0.0028
• Confirmation: channel break + reclaim of ~0.008
Targets if the breakout triggers
• 0.008 (first major reclaim / decision level)
• 0.012 (next structural resistance)
• 0.017 (extended target if momentum follows through)
Market read
This looks like a classic “dip → liquidity sweep → defend → break structure” setup.
If the channel base holds, the best R:R usually comes on the channel break, not on the first touch.
My most likely scenario
1. One more dip into the lower channel boundary (demand + dynamic support)
2. Strong defense (long wicks / rejection, weekly close reclaiming the level)
3. Break above the channel as confirmation (ideally followed by a retest)
I’m not interested in being first. I’m interested in being right — letting price prove it’s done bleeding before the breakout.
Key levels I’m watching
• Lower channel / demand: ~0.0050–0.0048
• Invalidation: clean loss below that zone → opens the door to ~0.0035–0.0028
• Confirmation: channel break + reclaim of ~0.008
Targets if the breakout triggers
• 0.008 (first major reclaim / decision level)
• 0.012 (next structural resistance)
• 0.017 (extended target if momentum follows through)
Market read
This looks like a classic “dip → liquidity sweep → defend → break structure” setup.
If the channel base holds, the best R:R usually comes on the channel break, not on the first touch.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.