š„ $JELLYJELLY is showing strong bullish momentum, consolidating near recent highs after a significant breakout. We've been closely observing its movements, and the current setup presents a compelling case for further upside.
Massive volume on the breakout candle (7.48B) confirmed substantial buying interest. Even now, volumes remain elevated, indicating genuine participation rather than mere hype.
Capital flows present an interesting divergence. While medium-term net outflows are noted (3D: -17.94M, 5D: -27.91M), the price continues to climb. This often signals smart money quietly accumulating on dips before a larger move.
Price action follows a textbook pattern: prolonged consolidation between 0.035ā0.055, followed by a sharp 31.9% surge. Currently, the token is holding near its highs with above-average volume, absorbing profit-taking without significant pullbacks. This suggests an absorption phase preceding the next upward leg.
Our current outlook for $JELLYJELLY remains cautiously bullish. Momentum is strong, but given its high volatility (24h range 25%+), stringent risk management is crucial for traders.
Entry Long:
Primary: Dip buy on pullback to 0.072ā0.075 (solid support confluence)
Secondary: Aggressive entry on breakout above 0.084 with strong volume confirmation
SL: Around 3.5% below entry (consider wider stops or smaller position size for volatility)
TP Targets:
First: 0.095ā0.100
Stretch: 0.120ā0.125 (recent high territory)
$JELLYJELLYUSDT
Are you currently trading $JELLYJELLY, or awaiting a deeper pullback? Share your insights and charts below! šš #jellyjelly #JellyJellyUSDT

