JUPUSD Breakout Potential - Bullish Opportunity Ahead

Chart Analysis:
The JUPUSD pair is currently trading at $1.13, with a clear support level at $0.8377 and resistance at $1.2997. The price has been consolidating in this range for some time, creating a tight trading channel. Given the overall bullish bias, the focus is on the potential for a breakout to the upside.

Bullish Outlook:
A sustained break above the $1.2997 resistance level would be a very bullish signal. This would open the door for a move towards the $1.6-$1.8 range, which could represent a 40-60% upside from current levels. The breakout would need to be confirmed on both the daily and weekly timeframes to be considered a strong bullish trend. The bias is strongly bullish, and traders should look for opportunities to enter long positions on a breakout.

Bearish Scenario:
While the overall bias is bullish, it's important to monitor the $0.8377 support level. If the price fails to hold above this level, it could signal a breakdown and a return to the $0.6-$0.7 range. However, the likelihood of this scenario is considered lower given the bullish bias.

Key Levels to Watch:
- Support: $0.8377
- Resistance: $1.2997
- Bullish Target: $1.6-$1.8
- Bearish Target: $0.6-$0.7

Trading Recommendations:
- Bullish above $1.2997 with a target of $1.6-$1.8
- Use appropriate risk management techniques and position sizing
- Consider entering long positions on a confirmed breakout above $1.2997 or from current prices with a panic key (stop-loss) around $0.8 if Daily close below confirmed.

Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.

Best wishes to all,
we ask Allah reconcile and repay. 🙏