JASMY - Expected levels are holding price

JASMY price action has been sideways for the last 10 days, but I see the following key points to be noted:

Yellow Bounce Zone and Support: Price is being sustained by a yellow bounce zone and 0.0046 level acting as strong support. This prevents the price from falling further and provides a solid foundation.

Descending Channel: Despite the support, Jasmy remains inside a descending channel, indicating a prevailing bearish trend.

Break of the Upper Trendline: If the price manages to break through the upper trendline of the descending channel, it could signal a potential long trade opportunity, as the breakout might lead to a trend reversal or a significant upward move.