JELLYJELLY/USDT Analysis 📊
Price successfully pushed above the local resistance zone around 0.059–0.060, showing bullish momentum. However, it got rejected almost immediately from the higher supply/major resistance area near 0.063–0.065.
Current situation:
Short-term structure still looks bullish after the recovery from 0.037 lows.
But this rejection shows sellers are still active at higher levels.
The breakout is not fully confirmed yet unless price can close strongly above the red resistance zone.
Key levels:
Resistance: 0.063 – 0.065
Major resistance: 0.080
Support: 0.056
Invalidation zone: below 0.053
Possible scenarios:
1. Bullish continuation:
Holds above 0.056 support
Re-tests and breaks 0.065
Could move toward 0.080 next
2. Fake breakout / pullback:
Rejection continues
Price loses 0.056
Likely retrace toward 0.053–0.050
Trade idea:
Aggressive entries before confirmation are risky here.
Safer entry would be after a clean close above resistance or a successful retest holding support.
Keep an eye on volume during the next candles — that will tell whether buyers still control the breakout or if this turns into a fakeout.
