【$JELLY Signal】1H breakout followed by high-level consolidation, pullback to enter long positions for a second rally

$JELLY The 1H timeframe has experienced a massive surge and is currently consolidating strongly near its historical highs. A single large bullish candle on the 4H chart has established an upward trend. Although the 1H RSI has entered the overbought zone, the open interest remains stable and buy-side depth is concentrated at key price levels, indicating that the main force has not exited. This is a typical strong consolidation pattern, creating conditions for a pullback to enter long positions and continue the rally.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.0926 - 0.0947

🛑Stop Loss: 0.0880

🚀Target 1: 0.1020

🚀Target 2: 0.1080

🛡️Trade Management:

- Execution Strategy: Divide the position into two batches, entering gradually within the order zone. After reaching Target 1, reduce the position by 50% and move the remaining stop loss to the entry price. If the price strongly breaks above the previous high of 0.1090 and stabilizes, consider holding part of the position for greater gains.

(Depth Logic: Over the past 4 hours, the price surged over 20%, with trading volume sharply increasing, which is a clear signal of main capital entering the market. Although the current price is far from the 1H moving average, open interest has not decreased with the price rise, indicating this is not just retail chasing highs. Market depth shows a large sell order block in the 0.1088-0.1090 range, which is a short-term resistance that needs to be absorbed. Our entry zone is near the first pullback support after the surge and close to the key 1H moving average, offering an excellent risk-reward ratio. )

View real-time market 👇 $JELLY

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