【$JELLY Signal】Long Position: Healthy Reset After Breakout with Volume Surge
After a 11.58% increase with volume, the price is consolidating and cooling off at a high level. Combined with open interest data, this looks more like a healthy reset after institutional entry rather than a short squeeze or top distribution. The market shows buying interest absorbing short-term profit-taking, with no signs of uncontrolled selling pressure.
🎯 Direction: Long
🎯 Entry: 0.0575 - 0.0585
🛑 Stop Loss: 0.0550 $JELLY Rigid Stop Loss (
🚀 Target 1: 0.0650
🚀 Target 2: 0.0720
Hardcore Logic: After the breakout, the price formed a tight flag pattern at a high level, which is a typical strong continuation structure. The volume increase confirmed the validity of the initial breakout, while the subsequent volume contraction indicates selling pressure is weakening. Market psychology suggests this is a healthy correction from short-term overbought conditions, building momentum for the next upward move. As long as the price stays above the breakout zone (0.0550-0.0560) and continues to absorb sell orders on lower timeframes, the probability of an upward move will significantly increase. Small losses, big gains—this is about capturing the probability structure.
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$JELLY
#Is the current market bottoming or just waiting?
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【$JELLY Signal】Long Position: Healthy Reset After Breakout with Volume Surge
After a 11.58% increase with volume, the price is consolidating and cooling off at a high level. Combined with open interest data, this looks more like a healthy reset after institutional entry rather than a short squeeze or top distribution. The market shows buying interest absorbing short-term profit-taking, with no signs of uncontrolled selling pressure.
🎯 Direction: Long
🎯 Entry: 0.0575 - 0.0585
🛑 Stop Loss: 0.0550 $JELLY Rigid Stop Loss (
🚀 Target 1: 0.0650
🚀 Target 2: 0.0720
Hardcore Logic: After the breakout, the price formed a tight flag pattern at a high level, which is a typical strong continuation structure. The volume increase confirmed the validity of the initial breakout, while the subsequent volume contraction indicates selling pressure is weakening. Market psychology suggests this is a healthy correction from short-term overbought conditions, building momentum for the next upward move. As long as the price stays above the breakout zone (0.0550-0.0560) and continues to absorb sell orders on lower timeframes, the probability of an upward move will significantly increase. Small losses, big gains—this is about capturing the probability structure.
Trade here 👇 )
---
Follow me: Get more real-time analysis and insights on the crypto market!
$JELLY
#Is the current market bottoming or just waiting?