$JELLYJELLY just had a massive blow-off top, but the 15m chart is screaming for a relief bounce! 🚨
Here is a high-probability scalp setup if you're a degen looking to catch the flush. Don't chase the pump, wait for the stabilization. 👇
Coin: $JELLYJELLY (Perp)
🟢 Direction: Long (Scalp)
📍 Entry: 0.0648 - 0.0656 (Current zone)
🛑 Stop Loss: 0.0625 (Below local support)
🎯 Take Profit: 0.0685 (TP1) & 0.0710 (TP2)
Why this setup?
The 1h chart shows a brutal vertical pump to 0.07169 followed by a sharp distribution dump. However, the 15m chart is starting to print rejection wicks right at the 0.065 support level. The volume is cooling off, meaning sellers are getting exhausted. We're simply playing the dead cat bounce back to the mean before the trend decides its next move.
Keep your leverage low and your SL tight, this is a knife catch! 🔪🩸
NFA. Always DYOR.
Here is a high-probability scalp setup if you're a degen looking to catch the flush. Don't chase the pump, wait for the stabilization. 👇
Coin: $JELLYJELLY (Perp)
🟢 Direction: Long (Scalp)
📍 Entry: 0.0648 - 0.0656 (Current zone)
🛑 Stop Loss: 0.0625 (Below local support)
🎯 Take Profit: 0.0685 (TP1) & 0.0710 (TP2)
Why this setup?
The 1h chart shows a brutal vertical pump to 0.07169 followed by a sharp distribution dump. However, the 15m chart is starting to print rejection wicks right at the 0.065 support level. The volume is cooling off, meaning sellers are getting exhausted. We're simply playing the dead cat bounce back to the mean before the trend decides its next move.
Keep your leverage low and your SL tight, this is a knife catch! 🔪🩸
NFA. Always DYOR.
