JST: Bulls in Action! Keep an Eye on the Retest 📈
💎 JST is currently exhibiting a bullish market structure and forming an inverse head and shoulders pattern, which suggests an increased probability of a bullish move.
💎As the price is currently retesting the resistance and neckline area of the inverse head and shoulders pattern, observing for any bullish candlestick patterns would be prudent. If such patterns emerge, we can anticipate a move towards the next resistance levels with a small stop loss in place.
💎However, if JSTUSDT falls below the bullish OB and breaks down below the demand area, it would indicate a bearish move. In such a scenario, it would be advisable to refrain from trading JST and wait for clearer price action to develop.
💎As the price is currently retesting the resistance and neckline area of the inverse head and shoulders pattern, observing for any bullish candlestick patterns would be prudent. If such patterns emerge, we can anticipate a move towards the next resistance levels with a small stop loss in place.
💎However, if JSTUSDT falls below the bullish OB and breaks down below the demand area, it would indicate a bearish move. In such a scenario, it would be advisable to refrain from trading JST and wait for clearer price action to develop.
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