As the new week begins, we at BITmarkets have identified fresh market opportunities that our clients can leverage to enhance their trading or investment portfolios.

Jupiter has been stuck in a correction zone for an extended period, but recent price action suggests the start of a new trend that investors can join while the asset remains at a low valuation.

Daily time frame analysis

JUPUSD - 1 Day Time Frame

The key technical indicator confirming a buying position is the Inversion Fair Value Gap. This gap, which previously acted as resistance, has now been clearly surpassed, and is being recognized by the price as support.

This shift is an important signal that entering the market at this stage carries a favorable risk level. You can observe this support level highlighted in orange on the attached chart.

Another crucial element of our trading model is the initial liquidity selection. This process allows large market participants, who trade high volumes, to enter the market, providing further confirmation for the potential buying opportunity.

When to buy Jupiter?

Entering a buy position at the current valuation offers a favorable risk-to-reward ratio. However, it’s essential to set a stop-loss order to minimize risk. In this case, the stop loss should be placed below the internal low, as indicated on the chart.

Additionally, when entering a trade, it’s important to focus on position objectives. We recommend taking partial profits whenever the price reaches a buy-side liquidity withdrawal.