šŸ”„ $JELLYJELLY At a Crossroads: Pop or Drop? šŸ“‰šŸ“ˆ

The market's showing some chop, and it looks like JELLYJELLY is coiling up for its next big move after that volatile May! It's currently holding above key short-term moving averages on the 1-hour timeframe, hinting at some buyer interest.

šŸ“Š Trading Outlook:

āž”ļø Long Play: I'm watching for a convincing break and hold above the 0.0280 resistance. This could be an opportunity for a spot entry or a low-leverage long, with potential sights on the 0.0300 to 0.0320 zone.

šŸ©ø Short Setup: On the flip side, if the price loses the 0.0250 support area (which aligns with the 1-hour MA cluster), a short position, possibly with leverage, could become viable. The next significant support might be found around 0.0230.

Stay vigilant and manage your risk accordingly!

āš ļø NFA/DYOR.

#JELLYJELLY #Altcoin #PriceAction