🚀 JELLYJELLY Bullish Setup Attention 📈
Trading Plan:
Bias: Bullish
Entry: 0.0880 - 0.0950
Stop Loss: 0.0780
Take Profit 1–Take Profit 3: 0.1110 / 0.1500 / 0.2000
Technical Analysis:
On the daily chart, the price shows strong bullish momentum, successfully breaking out of a consolidation range that lasted for months. The price is currently stable above all key exponential moving averages (EMA 7, 25, 99) and the middle band of the Bollinger Bands, with these indicators beginning to tilt upwards, signaling the formation of a new upward trend. Confirmation signals come from the MACD indicator forming a golden cross above the zero line, the relative strength index (RSI) remaining in the strong zone above 60, and trading volume significantly increasing, all of which provide strong support for the ongoing price rise.
Invalidation Conditions:
The bullish setup will only be invalidated if the price decisively falls below $0.0780.
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