JST / TetherUS

JSTUSDT (1D) - Technical Analysis & Trade Setup

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📌 Market Overview:
The price has been in a downtrend, forming a descending channel.

Currently trading near 0.03135, with 0.03718 acting as a key resistance.

A bullish breakout from the descending channel appears to be forming.

RSI breakout above trendline resistance suggests increasing bullish momentum.

📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.03135

🎯 Take Profit Targets:

First Target (Resistance Level): 0.03718

Second Target: 0.042 - 0.045 (Next key resistance)

Final Target (Long-term Potential): 0.050+

🔻 Stop-Loss:

Below 0.029, as a drop below this level invalidates the bullish setup.

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