$JELLYJELLY Overextended? $JELLYJELLY ripe for a short — don’t get trapped at the top

Post:

$JELLYJELLY just printed a +100% daily candle with a massive wick rejection at 0.0625. The chart screams exhaustion:

• RSI(6) = 81 — heavily overbought zone

• MACD divergence forming — momentum slowing

• Volume peaked — buyers losing steam

• Price showing a parabolic blowoff pattern

Current price action suggests a temporary top is in, and a correction is likely.

Short idea:

• Entry zone: 0.0580–0.0600

• Target: 0.046 – 0.042

• Stop-loss: Above 0.063

Don’t chase green candles. Let the chart reset. This setup offers a clean risk-reward short after an unsustainable vertical run.