$JASMY After experiencing six consecutive days of irrational rise, it is now showing a clear double top pattern on the 1-hour candlestick chart.
Technical analysis points: Overly large divergence: The price has nearly doubled in the short term, deviating seriously from the moving average, indicating a strong correction need. Volume-driven stagnation: Yesterday's sharp increase consumed a lot of bullish momentum, and today’s high-level consolidation clearly shows a lack of follow-through. Key level: The second peak failed to break through the previous high and started to turn down, signaling a short entry. Trading suggestion: Enter short positions at the current price, with strict stop-loss management.
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$JASMY After experiencing six consecutive days of irrational rise, it is now showing a clear double top pattern on the 1-hour candlestick chart.
Technical analysis points:
Overly large divergence: The price has nearly doubled in the short term, deviating seriously from the moving average, indicating a strong correction need.
Volume-driven stagnation: Yesterday's sharp increase consumed a lot of bullish momentum, and today’s high-level consolidation clearly shows a lack of follow-through.
Key level: The second peak failed to break through the previous high and started to turn down, signaling a short entry.
Trading suggestion: Enter short positions at the current price, with strict stop-loss management.