This appears to be a cryptocurrency trading setup for $JELLYJELLY, specifically a short trade with 3x leverage. The trader has entered the short position at $0.01240 and has an extra DCA (Dollar-Cost Averaging) zone at $0.01360, in case the price sweeps liquidity.

The trader is cautious, acknowledging the potential for a fakeout above the wick and emphasizing the importance of:

- Tight risk control✅

- No overleverage🚫

They also note that meme coins like $JELLYJELLY can be highly volatile, pumping and dumping quickly. The trader advises staying sharp and not taking unnecessary risks.

As with any trading setup, it's essential to do your own research, set stop-losses, and manage risk effectively.

Would you like to know more about trading strategies or risk management in cryptocurrency markets$SOL