📉 JELLYJELLYUSDT — Blow-Off Top? Be Careful Here
JELLYJELLY pumped +85% in a straight line, but the chart is now showing clear exhaustion:
🔸 Huge vertical rally → very weak follow-through
🔸 Rejection from 0.08888, forming a lower high
🔸 EMAs are still bullish… but momentum is clearly slowing
🔸 First signs of distribution on lower timeframes
Not an ideal place to long.
Not yet a confirmed short.
Short trigger:
• Breakdown below 0.0788
• Retest and fail = high-probability short
Longs only make sense if it reclaims 0.0844 with strength.
⚠️ High risk zone. I’m staying patient here.
$JELLYJELLY
JELLYJELLY pumped +85% in a straight line, but the chart is now showing clear exhaustion:
🔸 Huge vertical rally → very weak follow-through
🔸 Rejection from 0.08888, forming a lower high
🔸 EMAs are still bullish… but momentum is clearly slowing
🔸 First signs of distribution on lower timeframes
Not an ideal place to long.
Not yet a confirmed short.
Short trigger:
• Breakdown below 0.0788
• Retest and fail = high-probability short
Longs only make sense if it reclaims 0.0844 with strength.
⚠️ High risk zone. I’m staying patient here.
$JELLYJELLY