Review of JUP, timeframe 4H. There's an interesting picture here. After a prolonged dump, JUP shows signs of seller weakness, although the overall structure remains downward. Currently, the price is stuck in a local range of $0.1900 - $0.2000. We see that the market has marked a Weak Low around $0.1700. A major player could use this liquidity as fuel for a strong movement. There are two working plans: 🔫 Aggressive long: A bounce from the current demand zone ($0.1900) with targets at $0.2350, where the first Supply zone awaits us. ✅ Conservative long: Absorbing liquidity under the Weak Low. If the price falls to $0.1700 - $0.1750 and quickly recovers, this is an ideal setup for entry. The targets in this case will be much higher, up to the $0.2800 zone. It's important to monitor the reaction at the first test of the Supply at $0.2350. If we break through it, the movement will be strong.
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Let's look at what the market is charting on the IMX 4H. I'll say right away, the chart isn't the healthiest, but it's still tradable. The asset is currently stuck in the $0.220-$0.260 range, with $0.241 being the midpoint of the range, which isn't the best entry point. 🔘 After a decline and a series of BOS drops, we've started consolidating just above the demand zone. The key now is to hold the Weak Bottom level, which is around $0.220. 🔘 If bears put pressure and we close the 4H candle below $0.220, the decline will be rapid. Below this level, liquidity has accumulated down to $0.140. This is the worst-case scenario. If the $0.220 level holds, we expect a breakout above the local resistance at $0.260 and the formation of a strong over-based (OB) pattern in the $0.300-$0.320 region. We will be watching for sellers' reactions from the point where this strong peak forms.
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💼 ENA, 4H. Let's see what they've drawn here. After an aggressive sell-off, ENA was driven into consolidation right at the local support level of $0.2100. The structure remains purely short for now, so be careful with aggressive longs. ➡️ If the price breaks and consolidates above $0.2250, then good potential opens for a quick local long to Supply Zone 2 around $0.2500. This will be a swing trade, but counter to the main trend. ➡️ If the price fails to hold $0.2100 and makes a liquidity sweep below $0.1900 (Weak Low), then a confident short position with a lower overlap is now in order.
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