📉 $JELLYJELLY : Overextended & Ready to Cool?
$JELLYJELLY/USDT has gone parabolic with a +20.89% vertical spike to 0.06308. While the momentum is fierce, technicals suggest a high-reward short setup as it hits major resistance.
Short Strategy:
Resistance Zone: The 0.0633 - 0.0635 area (recent high & previous rejection) is a heavy supply wall.
Setup: Look for a rejection at this peak. High Long/Short ratio (1.21) suggests a potential squeeze on late buyers.
Target: A pullback to 0.0575 (MA99) or 0.0556 (MA7).
Stop Loss: Close above 0.0645.
Caution: Vertical moves are risky. Tight stops are a must! ⚠️
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