Reason: JELLYJELLY has dropped 11.07% in the past 24 hours, with main funds already exiting; the 1-hour MACD (9,26) has formed a death cross, green momentum bars are expanding, and the short-term trend is weakening; the 15-minute RSI is below 50, indicating bearish dominance; the Fibonacci retracement level has been breached with no clear stabilization signals, making it suitable for shorting intraday.
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EuTeDisse
· 12-06 13:41
In other words, you're saying to go SHORT...
If you really believe it, then go in strong!
I really don't recommend SHORT right now 👀
$JELLYJELLY Current price: $0.04045
Direction: Short at current price
Reason: JELLYJELLY has dropped 11.07% in the past 24 hours, with main funds already exiting; the 1-hour MACD (9,26) has formed a death cross, green momentum bars are expanding, and the short-term trend is weakening; the 15-minute RSI is below 50, indicating bearish dominance; the Fibonacci retracement level has been breached with no clear stabilization signals, making it suitable for shorting intraday.
Support levels:
$0.0380 (recent trading low)
$0.0365 (Fibonacci 50% retracement level)
Resistance levels:
$0.0425 (recent 24-hour high)
$0.0440 (Fibonacci 23.6% retracement level + Bollinger Bands middle band)
Stop loss: $0.0450 (above key resistance level to prevent reversal after a breakout)