JELLYJELLy token is currently trading around 0.04726, showing a gradual recovery after my entry at 0.04520. Price action is now moving inside a clearly defined Fibonacci structure, and the market is still in a controlled upward attempt rather than a full trend breakout.

JELLYJELLy is reacting step by step to key technical levels, with the current focus shifting toward the upper resistance zone.

Fibonacci Levels

0.05215 → Major resistance / breakout confirmation level

0.04787 → Immediate resistance zone

0.04639 → Mid pivot / intraday balance level

0.04522 → Entry & structural equilibrium level

0.04258 → Key support zone

0.04095 → Structure invalidation level

Current Market Situation

At 0.04726, price is testing the 0.04787 resistance area. This zone is critical in the short term because:

A clean breakout above 0.04787 may extend momentum toward higher Fibonacci targets

Rejection from this zone could lead to a pullback toward 0.04639 or 0.04522

Overall, the position is currently in early profit territory, but the main resistance has not been fully broken yet.

Take Profit Plan

TP-1: 0.04787

TP-2: 0.05215

Structure Insight

A rising 4-hour channel is still active, suggesting a controlled bullish structure rather than a sharp impulsive move. As long as the lower boundary of this channel holds, the trend bias remains positive.

If price loses 0.04639 support, momentum may weaken and a deeper retest of 0.04522 could occur.

Final Note

The market is still in a decision phase. The key level to watch is 0.04787 — a breakout above this area would confirm continuation, while rejection would keep the price inside consolidation.

DYOR – This is not financial advice.

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