JUPUSDT at structural floor: $0.165 decides the next moveJUP / TetherUSBINANCE:JUPUSDT3CommasThe Macro Picture 🗺️ The May expansion that swept the $0.28 macro ceiling has reversed in full — the $0.20 breakout retest failed to hold, and price has returned to the lower half of the prior accumulation range. What looked like a higher-low continuation eight days ago now reads as a clean liquidity sweep above the range followed by a textbook return-to-range. The structure has not broken yet — but it sits directly above the same $0.165 line that anchored the last thesis, and that level is doing the heavy lifting for the entire base. The Setup ⚙️ The Overhead Supply: The $0.200–0.235 zone has flipped from breakout-retest support into a stacked supply shelf — every reclaim attempt now has to clear two layers of trapped longs before upside can reopen. The Critical Floor: $0.165 is the line in the sand. It capped February's selloff, marked the March base, and held as April's higher low. A clean defense here transitions this leg from "failed continuation" back into "deeper retest before expansion" — a loss flips the entire May rally into a completed sweep-and-reject. The Reaction: RSI has rolled from the May peak near 85 back into the low 40s without printing oversold yet. Momentum is bearish but not exhausted, which leaves room for either a controlled flush into $0.165 or a direct acceleration through it. The Roadmap: Primary target sits at $0.165 — the white projection points into the lower edge of the accumulation zone, where the structural decision gets made. A defended wick and reclaim of $0.200 reopens the path back toward $0.235 overhead supply; a clean 1D close below $0.165 invalidates the bullish base and signals a full structural give-back toward the $0.140 macro floor.