🟢 Alert of Reversal! JELLYJELLYUSDT Prepares for a Bullish Momentum 🚀

Not everything is Short in the market. The JELLYJELLYUSDT chart in 15 minutes shows us a classic signal of bullish consolidation and accumulation of strength.

📈 Analyzing the Pattern

The mark price is at 0.07170 USDT. After a strong rally (upward) and a deep correction, the asset has entered a key phase:

Strong Support: The price found crucial support in the area of ≈0.063 (slightly above the Liqu. 0.05794945 line). This level halted the aggressive drop.

The Ascending Triangle (Consolidation): Notice how the candles are forming a consolidation pattern:

The lows are getting higher.

The highs are bouncing against a key horizontal resistance, located near 0.0722 (the MA(99) line) or ≈0.0750 (the local peak). This pattern is known as an Ascending Triangle and is often a precursor to a bullish breakout.

💡 Strength Signals from Moving Averages (MA)

The key is in the relationship of the Moving Averages (MA):

Imminent Bullish Crossover: The MA(7) (≈0.0690) and MA(25) (≈0.0693) are crossing (or have already crossed) to the MA(99) (≈0.0722).

Price Adjustment: The price has relocated above the MA(7) and MA(25). The next step is to break and consolidate above the MA(99).

🚀 The Long Opportunity

Ideal Entry Point: The safest signal is the breakout and closing of a 15m candle above the key resistance (≈0.0722). This would confirm the exit from the consolidation pattern.

Lesson of the Day! An Ascending Triangle in a volatile market shows us that buyers are willing to enter at increasingly higher prices, indicating that buying pressure is winning the battle against resistance.

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