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【$JELLY Signal】Pullback to Buy More + Opportunity for Low Entry After Massive Shakeout
After experiencing an extreme volume plunge on the 1H timeframe, the price is stabilizing above a critical support zone. The 4H trend remains upward, but the 1H chart shows a strong rebound demand from oversold conditions. The order book depth around 0.0841 is unusually thick, suspected to be main force defending the price, indicating a typical low-entry setup after a violent shakeout.
🎯Direction: Long
⚡Entry/Order: 0.0833 - 0.0842
🛑Stop Loss: 0.0818
🚀Target 1: 0.0900
🚀Target 2: 0.0950
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price fails to hold above the entry zone and breaks below the stop loss, exit decisively.
Depth Logic: In the past few hours, an epic volume surge occurred, with the price plunging from 0.115 to 0.082. This is typical profit-taking and panic selling. However, open interest remains stable, and the market did not collapse due to the plunge, indicating that the bullish main force has not massively escaped. The 1H RSI has entered oversold territory, showing technical rebound potential. The order book shows a massive accumulation of buy orders below 0.0841, forming a solid defense line, which is the core basis for a pullback buy-in. The 4H EMA50 (0.0783) remains a strong upward trend support.
View real-time market 👇 $JELLY
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