I’m finally buying $jellyjelly , and the reason is straightforward.
After a sharp drop, price found strong support around 0.0900 and started to stabilize. Since then, it’s been making higher lows on lower timeframes, which shows sellers are losing control and buyers are stepping back in.
Momentum is slowly rebuilding, and this looks like a clean short-term reversal setup. If price continues to hold above support, a move back toward the previous resistance area is very likely.
Trade plan:
• Buy zone: 0.0940 – 0.0980
• Targets:
• TP1: 0.1050 (initial bounce)
• TP2: 0.1120 (continuation)
• TP3: 0.1200 (strong recovery move)
• Stop loss: 0.0890 (setup invalid below this)
The dump looks finished, a base is forming, and buyers are returning.
As long as support holds, the odds favor a bounce and further upside.
JELLYJELLYUSDT
Perp
0.10031
-12.27%