Holding $JELLYJELLY
into this red rejection candle after a failed push to 0.07169 is pure denial.
The buying pressure completely fizzled out at resistance, and sell orders are stacking fast on the order book. I am opening a short position on $JELLYJELLY right now before the downward momentum accelerates.
My precise trade setup:
• Entry: 0.06800 - 0.06980
• TP1: 0.06350
• TP2: 0.05900
• TP3: 0.05450
• Stop Loss: 0.07320
Don't stay trapped in a long position when the hourly chart is screaming breakdown.
into this red rejection candle after a failed push to 0.07169 is pure denial.
The buying pressure completely fizzled out at resistance, and sell orders are stacking fast on the order book. I am opening a short position on $JELLYJELLY right now before the downward momentum accelerates.
My precise trade setup:
• Entry: 0.06800 - 0.06980
• TP1: 0.06350
• TP2: 0.05900
• TP3: 0.05450
• Stop Loss: 0.07320
Don't stay trapped in a long position when the hourly chart is screaming breakdown.