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JASMY COIN PRICE PREDICTION 2024 #jasmy #jasmycrypto #jasmycoin

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What’s up guys we’re seeing a pullback right now in the price action of just me exactly as we have been talking about in yesterday’s video because I spoke about the potential selling pressure which was entering the market on the binance exchange right now we’re seeing that pullback happening and the big question

Is will we see further downside for the price action of jmi in the coming days or is the trend going to flip bullish again let’s discuss these things but before we get into the content as always hit the like button to support the channel if you’re interested in trading

In buying altcoins then use my maxi or two bit affiliate links in the video description sign up an account on these two exchanges and claim bonuses up to $10,000 completely for free so in yesterday’s update we spoke about the potential selling pressure which was entering the market on binance we saw a

Significant inflow of jmi coins on the binance exchange yesterday I’m not sure whether this inflow is meant for selling or maybe just for liquidity purposes but so far guys if we look to the price chart of jmi then we can see that from the highest point yesterday the price action pulled back roughly

27% which is quite impressive and this was also expected to see after such a big rise in price in a short amount of time the question right now is what to expect next is this pullback going to continue in the coming days should you buy in right now or wait let’s discuss

These things so analyzing jmi here on the weekly chart we can actually see that the price action got rejected yesterday at the 0.382 Fibonacci level around 1.7 cents roughly and how I came up with this Fibonacci retracement was by taking the November high from 2021 all the way down

Towards the bare Market low point that we have seen at the end of December 2022 and here we can see all the relevant Fibonacci resistance areas for J me so yeah the price obviously broke out above the 0.236 at roughly 0.0084 recently and this was a very

Important area to overcome and you can see how fast the price can move to the upside just in a few days the price went up towards the next Fibonacci resistance area which is 1.7 Cent so this Remains the box to overcome here for the price action of jmi we’re seeing a pullback

Here in the immediate short term and the big question many people are asking where is the next major support for the price action of jmi so what I did guys I sketched out this green box of support which is located between 1 cent roughly and 1.2 cents so this is currently the

Support to maintain above as you can see on the left hand side of the chart the price section of ji got several rejection points here on the weekly chart back in 2022 so typically in ta whenever you break above such an important range of resistance it typically flips into support and that is

What we want to see right now so in case there is a pullback towards that price rate range this area could provide a lot of support for the price action of josmi is it guaranteed that the price necessarily has to come down that low of course not guys but if you’re currently

Standing on the sidelines you could set some limit orders around 1 cent to 1.2 cents because this range will most likely provide a lot of support for jmi of course not Financial advice by zooming into the daily chart for jmi we can also Identify some other potential

Areas of support here in the immediate short term there is some potenti poal support at around 1.3 cents which is a 0.236 Fibonacci level measured from the start of the impulse here on the 22nd or 23rd of January towards the highest point that we have seen yesterday and if

We look at the left hand side of the chart you can also see a few rejection points here back in May 2022 so this area could also provide potential support for jmi but I have to say this isn’t the strongest area of support the strongest area of support is

Located in this green box located between 1.2 to 1 cent for the price of jmi but again no guarantees that the price necessarily has to come down that low it is a possibility that from of the current price we already could see a huge rally getting initiated so just pay

Close attention to that as well looking at the jme funding rates across exchanges we can see that the funding rates are right now quite neutral we have seen extremely negative funding rates over the past few days which means that there were many short positions active in the market and it got quite

Successful because the price pulled back by roughly 27% but right now the fing rates got resetted back to neutral this is indicating that there are a lot less short positions active in the market right now but again pay attention to the support areas if you’re currently standing on the sidelines it’s not a

Good idea to jump in with high leverage long positions right now in my opinion so what do I expect in the long term for jmi let’s say the coming months and years well guys as I tweeted out yesterday should the price of ji close a weekly candle above 1.7 we could see a

Massive Bull Run rally similar to what was observed in October 2021 potentially reaching the region around 32 cents and if we look at this chart this the three- daily time frame for jmi then we can actually see that yeah 1.7 cents is the crucial area to

Overcome as you can see on the left hand side back in 2021 exactly from of this region we saw a h huge rally for the price action of jmi happening a rally of 1760 and something similar could happen right now once the price closes preferably a weekly candle above

1.7 so yeah that’s the long-term view here long-term Vision I believe the price action is bullish if you have a long-term Vision as well then buying J me right now could of course still be a very good idea as you can see jmi is ranked number 103 on CMC which is an

Amazing achievement and in my opinion it will not take long before the price action of josm will enter the top 100 again so yeah very exciting times right now and uh I will of course keep you guys updated as best as I can as far as my own trades they’re still very nicely

In profits here as you can see this is my J me long trade with a 5x leverage on Maxi almost 2,000% in profits I also have this Bitcoin trade open very nicely in profits as well I’m also trading jme actively on two bit because the fees are very interesting as you can see

861 in profits and several other positions as well I’m planning to keep all of these positions open for a while because I still anticipate higher prices for altcoins in this bull run I share all of my entries all of my positions on a daily basis in my trade signal group

So if you’re interested in becoming more profitable as a Trader or investor then consider to join you can find everything you need to know in the video description check it out and that was it guys for this update onj me hopefully you found the video helpful if you did

Like the video leave a comment below and don’t forget to claim those free deposit bonuses on Maxi and on TW bit by using my links in the video description both Maxi and 2bit are non kyc exchanges and I use them all the time for my own trades so definitely check it out thanks

A lot for watching guys appreciate all the support and I see you in the next just me update bye-bye