【$JELLY Signal】Long - Confirmation of pullback after strong breakout on 1H timeframe

$JELLY The 1H timeframe just experienced a legendary volume surge, with the price jumping directly from 0.076 to 0.089. Currently, it is consolidating strongly around 0.088. On the 4H timeframe, a massive bullish candle broke through all previous resistance levels, indicating a shift to a strong bullish trend. Although the 1-hour RSI has entered the overbought zone, the price refuses to undergo a deep correction, and buy orders far exceed sell orders, showing strong institutional support. Open interest remains stable, and funds have not flowed out significantly. This rally is effective.

🎯 Direction: Long (buy on pullback)

⚡ Entry/Order: 0.0783 - 0.0801

🛑 Stop Loss: 0.0745

🚀 Target 1: 0.0950

🚀 Target 2: 0.1050

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price does not pull back and instead continues to rise, consider adding a small position after breaking through 0.0900, but strict stop-loss must be maintained.

Deep Logic: This rally, accompanied by massive volume, is a typical capital-driven market. The 1-hour EMA moving averages are perfectly aligned in a bullish configuration, providing dynamic support for the price. Market depth shows extremely thick buy orders below, with over 100,000 USDT in buy orders accumulated in the 0.0882-0.0883 range, forming a strong support wall. The current price is far from the 1-hour EMA20, so chasing high directly is very risky. Patience is advised to wait for the price to pull back to the 0.078-0.080 zone for an optimal re-entry, which is an excellent second chance to buy.

View real-time market 👇 $JELLY

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