🤔 Okay, what kind of liquid magic is this? $JELLYJELLY is up 64% today, but the follow-through is sus.
Look at that parabolic move off the low. Insane. We hit a high of $0.22736, but then immediately started consolidating, and not in a tight, healthy way.
We're just bleeding sideways. The recent high volume was all buying, but we need volume to confirm this range as accumulation. If volume is drying up, this is just a short-term top.
Immediate support is around $0.185. If it falls through there, we see a much deeper correction, maybe back to the $0.15 zone.
Right now, I’m watching the $0.21 area. A decisive clean break above $0.22736 is the only signal for me to touch a long. Otherwise, I'm eyeing a short if it breaks down.
Who actually bought the bottom on this one? Show yourselves.
#JELLYJELLY #SpotETFApprovalUpdates
Look at that parabolic move off the low. Insane. We hit a high of $0.22736, but then immediately started consolidating, and not in a tight, healthy way.
We're just bleeding sideways. The recent high volume was all buying, but we need volume to confirm this range as accumulation. If volume is drying up, this is just a short-term top.
Immediate support is around $0.185. If it falls through there, we see a much deeper correction, maybe back to the $0.15 zone.
Right now, I’m watching the $0.21 area. A decisive clean break above $0.22736 is the only signal for me to touch a long. Otherwise, I'm eyeing a short if it breaks down.
Who actually bought the bottom on this one? Show yourselves.
#JELLYJELLY #SpotETFApprovalUpdates
JELLYJELLY-0.86%
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