Date: May 14, 2025
Token: JellyMyJelly (JELLY)
Platform: Binance Alpha Launchpad
Timeframes Analyzed: 5m, 15m, 1h, 4h, 1D
Overall Market Sentiment: Bullish Continuation
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1. Executive Summary
JELLY has surged over +125% in the last 24 hours. Momentum indicators signal continued upside, though overextension signs are present in shorter timeframes. Scalpers can explore quick entries using breakout retest logic with tight stop-losses due to heightened volatility.
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2. Technical Overview
RSI(6): 55 to 96 – Overbought on most timeframes, indicating strength and caution
Stochastic RSI: 14 to 100 – Shorter timeframes show cooling, 4h still maxed
MACD: Positive on all timeframes – Bullish crossover confirmed
Volume: Increasing – Aligned with the breakout surge
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3. Candlestick Pattern Analysis
5m: Tight consolidation following an impulse move (potential flag/pennant)
15m: Bullish Marubozu followed by Doji – signals temporary pause or small retrace
1h: Long green candles with minimal wicks – shows strong buyer pressure
4h and 1D: Breakout continuation supported by bullish engulfing patterns
Conclusion: Price action indicates momentum-driven continuation. Minor pullbacks are expected before further upside.
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4. Scalping Strategy Setup
Buy Zone: $0.062 – $0.065Take Profit 1 (TP1): $0.0685Take Profit 2 (TP2): $0.0715Stop Loss (SL): $0.0605Trade Type: Breakout Retest ScalpingRisk Level: MediumEntry Conditions: Met (MACD crossover + volume spike + RSI surge)Exit Conditions: Not Met (No bearish divergence or reversal pattern yet)
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5. Risk Notes
Pump Behavior: The sharp vertical move could be driven by whale positioning or alpha hype
RSI Exhaustion: RSI > 85 in 4h and 1D – signals overextension risk
Liquidity: As it's a Binance Alpha token, traditional spot/CEX liquidity doesn't apply; expect high volatility and limited slippage control
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6. Candlestick Interpretation Cheat Sheet
Bullish Engulfing – Entry Signal – Strong momentum shift to bullsDoji – Indecision – Wait for confirmationMarubozu – Entry Signal – Full-bodied candle, no wicksHammer – Entry Signal – Bullish reversal from supportInverted Hammer – Entry Signal – Early reversal cueShooting Star – Exit Signal – Bearish rejection at resistanceBearish Engulfing – Exit Signal – Strong sell pressure returnSpinning Top – Indecision – Trend weakening or reversal brewing
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7. Final Thoughts
JELLY is riding a post-launch momentum wave from Binance Alpha. Key scalping indicators are aligned, but overbought conditions and recent parabolic behavior demand disciplined exits. If price revisits the $0.062–$0.065 range with support, it could offer an ideal low-risk entry for momentum traders.
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