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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