The chart for $JELLYJELLY USDT perpetual futures on Binance shows the price at around 0.0568 USDT, down ~5.6% in the last 24 hours after hitting a high of 0.0604. It's been in a downtrend over the past month, with the price hugging the lower Bollinger Band (DN ~0.0529) and middle band ~0.0644, while the upper band sits way higher at ~0.0753—classic squeeze setup after volatility contraction.

RSI(14) is at 42.2 (neutral, not oversold yet), RSI(6) even lower at 31—showing short-term weakness. Stochastic oscillator (K17.5, D22.5, J~7.5) is deep in oversold territory, hinting at a potential bounce or relief rally soon. Volume has been declining on the pullback, with long/short ratios showing slight long bias in accounts (~1.48 acc) but mixed positions.

MACD is negative but flattening, with histogram bars shrinking—bearish momentum is losing steam. The price is testing support near 0.0556-0.0562 zone after a sharp drop from higher levels.

Trade Idea (SHORT-term rebound play – LONG position):

The oversold stoch + price at lower BB + weakening bearish MACD divergence screams potential bounce toward the middle BB (~0.064) or even 0.062-0.063 resistance.

Entry: Now around 0.0565-0.0570

Take Profit: 0.0625 (first target, +9-10%) / extend to 0.0640 (+12-14%)

Stop Loss: 0.0545 (below recent low/support, risk ~4%)

High risk/reward if it reverses here—perfect for scalping or swing on futures with leverage!

JELLYJELLYUSDT is coiling for a move—don't miss the bounce! 🚀

Trade $JELLYJELLY USDT Now! Follow & turn 🔔 on ✅ for more setups!

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