JasmyCoin (JASMY) faces increasing bearish pressure, evidenced by the price structure change and decline above outlined levels.
Bearish Trends and Key Levels
JasmyCoin (JASMY) continues to show a bearish tendency after a retreat from the fair value area between $0.0132 and $0.0142. The recent liquidity sweep above last week's highs followed by a drop below the $0.01292 mark suggests a weakening of bullish momentum and a regain of control by sellers.
Technical Analysis and Support Level
The technical structure on the daily chart has shifted after JASMY formed a lower high and proceeded to break below the recent swing low near $0.0126. This marks a significant shift, as the lower-low formation often indicates the beginning of a broader downtrend. Key support levels at this time are around $0.01024 and an alternative support around $0.00800 if bearish pressure continues.
Market Conditions and Risk Parameters
Traders are monitoring entry at $0.01292, stop loss above $0.01420, and targeted levels of $0.01024 and $0.00800. The risk-to-reward ratio is currently favorable for bears. Any notable recovery would require not only price movement but also verification by volume.
JasmyCoin (JASMY) remains under pressure, and while short-term fluctuations or minor retracements may occur, the overall trend remains bearish. Investors and traders should closely monitor the indicated support levels.
