🔴 $JELLYJELLY USDT SHORT 🔥
The Setup: JELLYJELLY has experienced a strong pump, hitting a new high of 0.04170. The price is currently showing rejection from this high and is trading just above the EMA(7). The extreme extension above the EMA(25) and EMA(99) suggests a high-probability mean-reversion correction back towards the support moving averages is imminent.
ENTRY: 0.04050 (Breakdown below immediate candle support/consolidation)
TP 1: 0.04000 (EMA 7)
TP 2: 0.03969 (EMA 99)
TP 3: 0.03949 (EMA 25)
SL: 0.04175
JELLYJELLYUSDT
Perp
0.06006
+5.87%