JASMY Update — On Its Way Back To Bullish Mode!

JASMY has been hit hard recently, being down 65% from its high in June and 25% since the beginning of August. However, on the other hand, JASMY is still up almost 250% since January.

So, what's the current status? Driven by Monday's latest sell-off, JASMY lost the crucial level between 0.023 and 0.025. The price even touched 0.016 shortly before recovering.

Currently, JASMY is trying to get back in and above the 0.023 - 0.025 zone. From my point of view, this is the most important step to creating fresh bullish momentum. Once back above 0.025, there's a good chance that JASMY will rally to 0.03 quickly—as it has twice this year.

Therefore, I am currently monitoring this area and may place a long trade once the level above 0.025 is confirmed.