SHORT SETUP $JELLYJELLY
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Entry: 0.0588 – 0.0595
SL: 0.0616
TP1: 0.0570
TP2: 0.0552
TP3: 0.0538
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Not shorting the middle of the range.
I’m waiting for the retest.
JELLYJELLY had its big spike into 0.0934, but that move fully faded.
Now price is back inside a tight 1H range, and the current candle is trading below MA7 / MA25 / MA99.
That matters.
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Why I like the short:
Price is below MA7 / MA25 / MA99.
The MA cluster is sitting above price as resistance.
Local structure is not showing strong bullish expansion.
Recent bounces are failing near the 0.0600 – 0.0610 area.
Volume is not confirming buyer control.
The best short is on a retest, not by chasing support.
━━━━━━━━━━━━
My plan is simple:
If price pushes back into 0.0588 – 0.0595 and fails to reclaim that zone with strength, I’m interested in the short.
TP1 is 0.0570.
If sellers keep control, 0.0552 comes next.
If the range breaks lower, 0.0538 is the larger downside target.
But I do not want to short blindly at the current price.
I want the rejection.
If 0.0616 breaks, the setup is dead.
Defined risk.
Weak reclaim.
Retest first.
NFA.
━━━━━━━━━━━━
Entry: 0.0588 – 0.0595
SL: 0.0616
TP1: 0.0570
TP2: 0.0552
TP3: 0.0538
━━━━━━━━━━━━
Not shorting the middle of the range.
I’m waiting for the retest.
JELLYJELLY had its big spike into 0.0934, but that move fully faded.
Now price is back inside a tight 1H range, and the current candle is trading below MA7 / MA25 / MA99.
That matters.
━━━━━━━━━━━━
Why I like the short:
Price is below MA7 / MA25 / MA99.
The MA cluster is sitting above price as resistance.
Local structure is not showing strong bullish expansion.
Recent bounces are failing near the 0.0600 – 0.0610 area.
Volume is not confirming buyer control.
The best short is on a retest, not by chasing support.
━━━━━━━━━━━━
My plan is simple:
If price pushes back into 0.0588 – 0.0595 and fails to reclaim that zone with strength, I’m interested in the short.
TP1 is 0.0570.
If sellers keep control, 0.0552 comes next.
If the range breaks lower, 0.0538 is the larger downside target.
But I do not want to short blindly at the current price.
I want the rejection.
If 0.0616 breaks, the setup is dead.
Defined risk.
Weak reclaim.
Retest first.
NFA.