【$JELLY Signal】1H level strong rebound, betting on a second surge

$JELLY The 1H timeframe, after experiencing a massive rally, is currently pulling back to test the key EMA20 support. The 4H timeframe shows high-level consolidation after a volume breakout, with the trend still intact. The current price around 0.079 has initial support, and the 1H RSI (65.2) is healthy after dropping from overbought territory, preparing for a second upward move. Open interest remains stable, and although the funding rate of 0.0491% is somewhat high, it is not at dangerous levels. The order book depth shows decent buy-side support, indicating bullish traders are defending the price. This is a typical first retracement opportunity for a strong coin.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0790 - 0.0795 (Reason: Support at 1H EMA20, dense lower shadow zone of the previous 1H candle )

🛑Stop-loss: 0.0770 (Reason: Break below the previous 1H candle's low and ATR lower band )

🚀Target 1: 0.0850 (Reason: Resistance near the previous high, also the 0.618 Fibonacci retracement of the last upward wave on the 1H timeframe )

🚀Target 2: 0.0900 (Reason: Near the historical high of 0.09079, a psychological resistance level )

🛡Trade Management:

- Position size suggestion: Light (Reason: Daily gains have exceeded 30%, volatility is very high, risk and opportunity coexist )

- Execution strategy: When the price reaches 0.0850, reduce position by 50% to lock in profits, and move the stop-loss of the remaining position up to the entry price of 0.0795. If the price fails to hold above 0.0800 and drops back below the entry zone, exit immediately and wait on the sidelines.

Deep logic: Three consecutive volume-increasing bullish candles on the 4H chart establish an uptrend. Although the last candle has an upper shadow, it still closed above the open, indicating strong consolidation. After a massive surge, the 1H correction with decreasing volume is a healthy technical correction. The order book shows selling pressure concentrated above 0.0797; once broken, resistance above is sparse, potentially triggering a rapid rally. Stable open interest indicates that bulls have not exited in large numbers. Coupled with positive funding rates, the market remains bullish. The key is whether the price can stabilize above the 1H EMA20.

View real-time quotes 👇 $JELLY

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