ooking at the chart you provided, it appears that the JELLYJELLYUSDT pair is in a downtrend and the price is at 0.01944 on the short-term (15-minute) chart . There are a few things to consider:$ETH

📉 Reasons for Shorting:

Downtrend: The price is trending downward in the recent movement.

Moving Average: Although the 7 and 25 period moving averages (MA) are very close, it still does not give a clear bullish signal.

Resistance Level: There is some resistance at the 0.02000 level, which is preventing the price from moving higher.

📈 Reasons for going long:
Support Level: There is some support in the 0.01850-0.01900 area, from where the price could rebound.

Volume: Recent momentum is showing some bullish volume, which could indicate a rebound.

✅ My advice:
Short: If the price goes below 0.01900 and breaks out, it could go lower.

Long: If the price crosses the 0.02000 level, it may enter an uptrend.

If you are an intraday trader, it would be wise to use additional indicators (RSI, MACD) for trend confirmation. Be sure to set stops and follow risk management before taking a trade. 🚀