Current price: $JELLYJELLY $0.07314
24h growth: +25%
24h RSI: 61.98 (not overbought yet, there's room to grow)
Volumes have been increasing for the third consecutive day, yesterday's volume +187% compared to the day before yesterday.
Technical picture:
• Key resistance level of $0.068–0.069 has been broken and secured
• The price is currently testing the local maximum of $0.074 as new support
• Next area of interest $0.082–0.085 (target of the current impulse)
• Global target for bulls $0.11–0.12 (fibo 1.618 of the entire movement from the lows)
Bullish scenario (65% probability in the next 48 hours):
• Entry: bounce $JELLYJELLY from $0.072–0.0735 (currently)
• TP1: $0.082 (+12%)
• TP2: $0.095 (+30%)
• TP3: $0.11 (+50%)
• SL: $0.0695 (4.5% from current, rounding to 5%)
Bearish scenario (pullback after overheating):
• Short entry: breakout and consolidation $JELLYJELLY below $0.070
• TP1: $0.065
• TP2: $0.058
• SL: $0.0745 (about 4%)
I recommend risking no more than 1–2% of the deposit on a trade. When reaching TP1, be sure to move SL to breakeven!
JELLYJELLY is currently one of the hottest low-cap alts on Binance. It will only get hotter from here.
Leave your predictions on targets and scenarios in the comments!
Who is already in position, how long are you holding?
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