#jellyjelly
The price is trading significantly above the pivot point and is approaching the upper limit (0.10471) after a strong upward wave from the bottom 0.03162. The critical resistance is at 0.10471 and the critical support is at 0.06975, and the Relative Strength Index is at 63.17440, which is strong and positive but is approaching the overbought area.
The market maker is in the stage of pushing and tempting.
Continuation of the rise: pushing towards 0.10471 then breaking it to liquidate sell contracts.
Distribution at the top: if the price reaches 0.10471 or exceeds it without additional strong momentum, the market maker is likely to start distributing (taking profits) to new buyers.
Critical support: the market maker maintains critical support at 0.06975. As long as the price remains above it, the overall trend is upward.
1-Buy JELLYJELLY
Entry: stability above 0.10671 (the upper limit)
Stop loss: 0.09600 (returning below the broken resistance)
Targets: first target 0.11462
second target 0.12000 (Fibonacci extension)
2-Sell JELLYJELLY
Entry: 0.12481 - in case of touching it and failing to break it.
Stop loss: 0.10800
First target 0.08864 (current price)
$JELLYJELLY
