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JASMY's recent decline has completely broken through. From the 1-hour chart, after the price surged to 0.009950, it immediately accelerated downward, now stuck at 0.009001, having broken through the short-term moving averages MA5, MA10, and MA20. The weak trend is very obvious: RSI(6) is only 38.860925, fully entering the weak zone, with no signs of rebound.
Indicators further illustrate the issue. The MACD green bars are expanding, with DIF at only 0.000016 and DEA at 0.000056, showing a serious divergence between the two lines. What does this indicate? The bulls have completely lost resistance, and the main force's distribution signals are very clear.
From a trading perspective, the current price of 0.009001 can be directly shorted. Set the stop-loss above the previous high of 0.009950 to control risk. The first downside target is the 24-hour low of 0.008848; if broken, look further down to the previous low of 0.008315.
Trend orders can be held firmly, but if you are a short-term trader, you should take profits in small portions at support levels and avoid greed. The main force is likely to continue pushing down during this weak phase, with a significant risk of breaking new lows.