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I could certainly guide thorugh a systematic diagnosis process, but you would need a wiTECH scan tool to communicate with the Quadra-Lift® air suspension system.
Without that crucial tool, I can offer you an educated guess based on my professional experience: the blinking lightds are due to a bad compressor which might have damaged the control module as well. Compressor and module replacement can run upwards of $3000.00 at most Jeep dealers.
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