JELLYJELLY/USDT on the 1-hour time frame
1. Market Overview
Current Price: $0.02029
24H High: $0.02550
24H Low: $0.01849
24H Change: -15.81%
Volume: 12.48B JELLY / 260.07M USDT
2. Key Levels
Support: $0.01849 (Recent Low)
Resistance: $0.02550 (24H High)
Intermediate Resistance: $0.02200 - $0.02250
3. Indicators to Use
RSI (14, 30, 70)
If RSI < 30 (Oversold) → Possible Buy
If RSI > 70 (Overbought) → Possible Sell
MACD (Momentum Confirmation)
Look for MACD crossover for trend confirmation.
If MACD crosses above Signal Line → Bullish
If MACD crosses below Signal Line → Bearish
Moving Averages (MA5, MA10)
If MA5 crosses above MA10 → Bullish Entry
If MA5 crosses below MA10 → Bearish Exit
4. Entry & Exit Strategy
Short (Sell) Setup:
Entry: Near resistance at $0.02250 - $0.02500
Confirmation:
RSI above 70 (Overbought)
MACD bearish crossover
Price rejection at resistance
Take Profit (TP):
TP1: $0.02000
TP2: $0.01850
Stop Loss (SL): Above $0.02600
5. Risk Management
Risk-Reward Ratio: Minimum 1:2 or 1:3
Position Size: Use 2-5% of capital per trade.
Leverage: If using leverage, keep it low (e.g., 3x-5x) to manage risk.
