Technical analysis by Arash-RK about Symbol JASMY: Buy recommendation (4/8/2025)

Hello fellow traders, I've spotted a promising long opportunity on JASMY/USDT that I wanted to share with you. Here's the setup: Breakout Confirmation: JASMY has successfully broken out of a descending channel, indicating a potential shift in momentum. Retracement and Readiness: Following the breakout, the price has retraced, suggesting it's now poised for an upward move. Target: My target for this trade is the $0.01250 level, which conveniently aligns with the 200-period moving average on the 4-hour timeframe. Here's my proposed trade plan: Entry: I'm looking to enter the trade once the price moves above $0.01060. Stop Loss: To manage risk, I've set my stop loss around $0.00970. Remember, this is just my analysis, and trading always carries risk. Please do your own due diligence before making any trading decisions. Wishing you all profitable trades!