Hello Queenchart! ๐
There's a lot of buzz about JELLYJELLY, which suddenly saw a Moonbag rise of more than 40% today! ๐ฑ
From a low price of 0.03 soaring to 0.14. The question is: Has the party ended? Let's analyze it using Price Action logic! ๐
๐ Market Structure Analysis:
On the 4 Hour (4H) timeframe, the trend is Very Bullish (Parabolic).
Currently, the price is in the "Rest" (Cooling Down) phase after a quick run. This is normal and healthy. The pattern formed resembles a Bullish Flag.
๐ฏ Key Level (Must Note):
1๏ธโฃ Immediate Support (Bounce Zone): $0.1160 - $0.1200
This is the nearest floor that holds the drop during the previous correction.
๐ Opportunity: If the price drops to this area and holds (sideways), this could be an interesting speculative entry area (small risk).
2๏ธโฃ Resistance (Ceiling): $0.1413
This is the highest price (High) of the day.
๐ Breakout Scenario: If JELLY successfully breaks $0.1413 with high volume, get ready for Price Discovery (looking for a new highest price) that is crazier.
๐ก Trading Plan Queen:
Don't FOMO: Don't hit right at the current price ($0.128) because it's a bit risky, in the middle.
Buy on Dip: Wait for a relaxed correction to the area $0.120. Set a tight SL below $0.115.
Breakout Play: Or wait until $0.141 breaks valid, then join the rocket ride (Scalping).
โ ๏ธ Warning: Meme/low cap coins like this have extreme volatility. A single drop can hurt. Use cold cash! โ๏ธ
Are you on the Bottom Scoop team or just Watching? Comment below! ๐
#JELLYJELLY #MemeCoin #CryptoPump #AnalisaTrading #queenchart