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