$​JUPUSDT Perpetual Trade Setup

​Entry Price: $0.1628 (Current Market Price)$JUP

JUP
JUPUSDT
0.1601
-2.85%

​The price is currently consolidating after a bounce from the local low of $0.1582.

​Take Profit (TP): $0.1675 - $0.1680

​This targets the 24h high where the price previously faced strong resistance.

​Stop Loss (SL): $0.1575

​Placed just below the recent swing low ($0.1582) to protect against a trend reversal.

​Market Context & Sentiment

​Order Book Balance: There is a bullish lean with 59.12% buy orders versus 40.88% sell orders.

​24h Change: The asset is up +10.37%, indicating strong immediate momentum.

​Long-term Trend: Caution is advised, as the token is down -76.36% over the past year, suggesting this is a high-risk counter-trend trade.

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