๐ JELLYJELLYUSDT โ Blow-Off Top? Be Careful Here
JELLYJELLY pumped +85% in a straight line, but the chart is now showing clear exhaustion:
๐ธ Huge vertical rally โ very weak follow-through
๐ธ Rejection from 0.08888, forming a lower high
๐ธ EMAs are still bullishโฆ but momentum is clearly slowing
๐ธ First signs of distribution on lower timeframes
Not an ideal place to long.
Not yet a confirmed short.
Short trigger:
โข Breakdown below 0.0788
โข Retest and fail = high-probability short
Longs only make sense if it reclaims 0.0844 with strength.
โ ๏ธ High risk zone. Iโm staying patient here.
